Ducommun Incorporated Announces $8 Million Follow-On Contract for S-61 Helicopter Composite Main Rotor BladesLOS ANGELES--(BUSINESS WIRE)--April 19, 2005--Ducommun Incorporated (NYSE:DCO) today announced that its Ducommun AeroStructures, Inc., (DAS) subsidiary has been awarded a follow-on contract valued at more than $8 million from Carson Helicopters, Inc. (Carson) for production of state of the art composite main rotor blades usable on all Sikorsky S-61 helicopters. The work will be performed at the DAS facility in Monrovia, California and extends current production through mid 2006.
The new Carson Composite Main Rotor Blades will allow S-61 Helicopters to lift an additional 2,000 pounds and fly 15 knots faster than existing metal main rotor blade equipped aircraft. In addition to the significant performance improvements, the new Carson blades have twice the service life. The blades have received FAA Certification and are being offered as a retrofit product to commercial and military operators worldwide. There are 5 blades per helicopter and there are currently over 600 S-61s available for retrofit.
The Global Military Rotorcraft Market 2015-2025
DAS's Monrovia facility has built main rotor blades for 30 years and is currently producing the Boeing AH-64 Apache main and tail rotor blades and has made rotor blades for Bell Helicopter's Model 47, VH-1 Huey, and Model 206 JetRanger aircraft.
Joseph C. Berenato, chairman and chief executive officer of Ducommun, stated, "We are very pleased to be expanding our relationship with Carson. The production of complete composite main rotor blades builds on our existing rotor blade capabilities, allows us to expand our composite-based applications and reaffirms our up the food chain strategy of seeking more subassembly and assembly work to increase our proportion of value added work."
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, 2004 for a more detailed discussion of these and other risk factors and contingencies.
Joseph C. Berenato, 310-513-7209
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Source : Ducommun Incorporated