LOS ANGELES--(BUSINESS WIRE)--Jul. 14, 2015--
Ducommun Incorporated (NYSE:DCO) (“Ducommun” or the “Company”) today
reported it has been awarded a contract from Spirit AeroSystems, Inc.
(NYSE:SPR) to produce titanium APU (auxiliary power unit) exhaust
fairing assemblies, housed in the tail cone, for the Boeing 737 MAX
commercial jetliner. The award runs through 2018, with production taking
place at the Company’s Parsons, Kansas, facility. Ducommun previously
announced it will produce ground and flight spoilers for the 737 MAX as
well as other structural titanium assemblies.
“Our relationship with Spirit continues to strengthen as we work
together to support an outstanding aircraft,” said Anthony J. Reardon,
chairman and chief executive officer. “This is another example of our
long-term customer relationships as well as the expanding breadth of our
structural capabilities. We are primed for further growth in content on
the 737 MAX and look forward to proving ourselves as a partner of choice
for both Spirit and Boeing.”
Ducommun has provided structural solutions to the 737 platform since its
inception. The Boeing 737 MAX will build on the platform’s reliability
while delivering improved fuel efficiency to the single-aisle market.
First flight is scheduled for 2016, with deliveries anticipated to begin
in 2017. The 737 MAX has accumulated over 2,000 orders and is expected
to have eight percent lower per-seat operating costs than its
competition.
About Ducommun Incorporated
Founded in 1849, Ducommun Incorporated provides engineering and
manufacturing services to the aerospace, defense, and other industries
through a wide spectrum of electronic and structural applications. The
company is an established supplier of critical components and assemblies
for commercial aircraft and military and space vehicles as well as for
the energy market, medical field, and industrial automation. It operates
through two primary business units – Ducommun AeroStructures (DAS) and
Ducommun LaBarge Technologies (DLT). Additional information can be found
at www.ducommun.com.
Statements contained in this press release regarding other than
recitation of historical facts are forward-looking statements. These
statements are identified by words such as “may,” “will,” “ begin,” “
look forward,” “expect,” “believe,” “intend,” “anticipate,” “should”,
“potential,” “estimate,” “continue,” “momentum” and other words
referring to events to occur in the future. These statements reflect the
Company’s current view of future events and are based on its assessment
of, and are subject to, a variety of risks and uncertainties beyond its
control, including, but not limited to, the state of the world
financial, credit, commodities and stock markets, and uncertainties
regarding the Company, its businesses and the industries in which it
operates, which are described in the Company’s filings with the
Securities and Exchange Commission. The Company is under no obligation
to (and expressly disclaims any such obligation to) update or alter its
forward-looking statements whether as a result of new information,
future events or otherwise.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150714005512/en/
Source: Ducommun Incorporated
Ducommun Incorporated
Joseph P. Bellino, Vice President and Chief
Financial Officer
310-513-7211
or
Chris Witty, Investor
Relations
646-438-9385
cwitty@darrowir.com