Ducommun Incorporated Announces $60 Million in Contracts for Apache Helicopter Main and Tail Rotor BladesLOS ANGELES--Nov. 8, 2004--Ducommun Incorporated (NYSE:DCO) today announced that its Ducommun AeroStructures (DAS) subsidiary has been awarded follow-on contracts valued at approximately $60 million from The Boeing Company in Mesa, Arizona for AH-64D Apache Longbow helicopter main and tail rotor blades for both original equipment and replacement blade requirements. These contracts are additive to current production and extend deliveries into 2006. The blades will be manufactured at the DAS Monrovia Facility, which has built every Apache rotor blade since the inception of the program in 1974.
Boeing produces the next-generation AH-64D Apache Longbow helicopter in Mesa for the U.S. Army and a growing number of international defense forces. The Apache rotor blades are designed to withstand direct small arms fire and maintain airworthiness, and are constructed of advanced composites, metals and polymers to exacting standards and tight tolerances.
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Joseph C. Berenato, chairman and chief executive officer of Ducommun, stated, "We are very pleased at the award of this follow-on contract which reaffirms our long-term commitment to taking on complex assemblies as we strive to increase our proportion of value added work. Further, the experience we have gained on this program has helped us win additional helicopter blade production from other customers, broadening our presence in this market niche. We are very proud to be a part of the Boeing Team supporting the Apache helicopter program at this time in our nation's history."
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 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 October 2, 2004 for a more detailed discussion of these and other risk factors and contingencies.
Joseph C. Berenato, 310-513-7209
Source : Ducommun Incorporated