LOS ANGELES - (Business Wire) Ducommun Incorporated (NYSE:DCO) today announced that its Ducommun AeroStructures, Inc. (DAS) subsidiary has definitized a follow-on contract with The Boeing Company to provide fuselage skins for the C-17 Globemaster III military transport aircraft through the fourth quarter of 2010. Boeing produces the C-17 Globemaster III in Long Beach, CA for the U.S. Air Force and a growing number of international defense forces. These fuselage skins are manufactured at the DAS Gardena facility using its specialized capabilities in stretch forming, chemical milling and machining to produce the over-sized metallic components for the C-17 Globemaster III. These fuselage skins have been produced by the DAS Gardena facility since 2000.
Joseph C. Berenato, chairman and chief executive officer of Ducommun, stated, “We are pleased to continue production of some of the largest fuselage skins in the aerospace industry. Through the continuous application of Lean Six Sigma, we have improved the efficiency of the production process and have developed substantial expertise in the manufacture and handling of very large fuselage skins.”
Mr. Berenato continued, “More recently, we have added subassembly capabilities to our Gardena facility which makes us capable of providing major subassemblies directly to the final assembly line of our customers. In doing so, we strive to become more important to our key customers, a strategic goal for Ducommun.”
Ducommun AeroStructures manufactures large, complex structural components and assemblies in aluminum, specialty alloys such as titanium, metal bond and composites for a wide variety of military and commercial aerospace applications.
Founded in 1849, Ducommun Incorporated provides engineering and manufacturing services to the aerospace and defense industry.
The statements made in this press release include forward-looking statements that involve risks and uncertainties. The Company’s future financial results could differ materially from those anticipated due to the Company’s dependence on conditions in the airline industry, the level of new commercial aircraft orders, production rates for Boeing commercial aircraft, the C-17 and Apache helicopter rotor blade programs, the level of defense spending, competitive pricing pressures, manufacturing inefficiencies, start-up costs and possible overruns on new contracts, technology and product development risks and uncertainties, product performance, risks associated with acquisitions and dispositions of businesses by the Company, increasing consolidation of customers and suppliers in the aerospace industry, possible goodwill impairment, availability of raw materials and components from suppliers, and other factors beyond the Company’s control. See the Company’s Form 10-K for the year ended December 31, 2008 and Form 10-Q for the quarter ended October 3, 2009 for a more detailed discussion of these and other risk factors and contingencies.
Ducommun Incorporated
Joseph P. Bellino
Vice President and Chief Financial Officer
310-513-7211
