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|Ducommun Announces New Contract Award to Support NASA's Tracking and Data Relay Satellite (TDRS) Program|
|LOS ANGELES, Feb 01, 2010 (BUSINESS WIRE) -- Ducommun Incorporated (NYSE:DCO) today announced that its Ducommun
Technologies, Inc. (DTI) subsidiary, a long-time supplier of stepper
motors, resolvers and actuators for space applications, has received a
new contract from Boeing Space & Intelligence Systems (NYSE: BA). The
initial purchase order is for the design and manufacture of a new
resolver to be used on the TDRS K/L satellite mission. This resolver
will be required on future launches of TDRS satellites and is expected
to be inserted on other programs. With this order, Ducommun adds another
new design of a space-qualified resolver to its existing product family
as well as broadening its business with Boeing.
DTI has been designing and manufacturing custom motion control devices for severe environments such as space and downhole oil exploration for over 30 years. Other recent contracts include motors and resolvers for the new NASA Frontiers Mission to Jupiter and the NASA NuStar program.
Anthony J. Reardon, president and chief executive officer of Ducommun, stated, "DTI has seen significant growth in its design and manufacturing motion control business, and we have also been increasing our engineering resources with the goal of offering complete systems such as solar array deployment assemblies (SADA). We continue to seek opportunities to broaden our scope of work by providing cost efficient custom engineered solutions. In this way, we intend to increase our penetration on important space programs while building a stronger partnership with our key customers."
About Ducommun, Incorporated
Founded in 1849, Ducommun Incorporated provides engineering and manufacturing services to the aerospace and defense industry. The company is a supplier of critical components and assemblies for commercial aircraft, military aircraft, and missile and space programs through its three business units: Ducommun AeroStructures (DAS), Ducommun Technologies (DTI), and Miltec. Additional information can be found at www.ducommun.com.
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.
SOURCE: Ducommun Incorporated