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Ducommun Incorporated Announces $14 Million Contract for C-17 Fuselage Panels

LOS ANGELES--(BUSINESS WIRE)--Aug. 18, 2004--Ducommun Incorporated (NYSE:DCO) today announced that its Ducommun AeroStructures (DAS) business unit has received a follow-on award valued at over $14 million from The Boeing Company for production of C-17 Globemaster III fuselage panels. The work will be performed at DAS' Gardena, California facility and extends current production into 2006.

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Joseph C. Berenato, chairman and chief executive officer of Ducommun, stated, "We are pleased to continue to support the C-17 program by forming some of the largest fuselage panels in the aerospace industry. Our extensive forming capabilities position Ducommun to capitalize on future significant off-load opportunities from our customers, especially when the size of the panels is a determining factor."

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 manufactures components and assemblies for the aerospace 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 Globemaster III 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, 2003 and Form 10-Q for the quarter ended July 3, 2004 for a more detailed discussion of these and other risk factors and contingencies.


Ducommun Incorporated
Joseph C. Berenato, 562-951-1751

Source : Ducommun Incorporated

Published on ASDNews: Aug 18, 2004


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