Ducommun Receives Contract from Boeing for Next-Generation 737 Spoilers
Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”) today announced that it has received a long-term supply agreement from The Boeing Company (NYSE: BA) to continue to produce spoilers for the Boeing Next-Generation 737 airplane. Ducommun AeroStructures manufactures the spoilers – flight control systems intended to reduce lift in an aircraft – at its expansive Monrovia, Calif. operation, with support from the Company’s Orange, Calif. and Guaymas, Mexico facilities. The Monrovia location specializes in complex metal bond and composite assemblies.
“This contract extension reflects our strong, longstanding relationship with Boeing and supports the increasing build rates for the 737,” said Anthony J. Reardon, chairman, president and chief executive officer. “Ducommun has produced spoilers for the 737 family of jets for nearly 50 years, and we’re proud to be part of the world’s best-selling commercial aircraft.”
Global Supersonic Business Jet Market 2016-2020
The Boeing 737 program was originally launched in 1966. With over 7,500 airplanes in service, the 737 family represents more than a quarter of the total worldwide fleet of large commercial jets flying today.
Source : Ducommun Inc.