Ducommun Receives Multiyear Contract From Parker Aerospace for Electronics on Airbus A350
Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”) has received a multiyear contract from Parker Aerospace, a unit of Parker Hannifin Corporation (NYSE: PH), to produce complex printed circuit board assemblies for use in the fuel management system of the Airbus A350 family of commercial aircraft. The award has a potential value in excess of $20 million over the contract period, and is expected to begin production in mid-2014.
“This represents our first major Airbus contract with Parker Aerospace and, we believe, reflects their confidence in Ducommun as a trusted and capable manufacturing supplier,” said Anthony J. Reardon, chairman, president and chief executive officer. “We look forward to continuing and growing a mutually beneficial relationship and are pleased they have chosen Ducommun to support a critical system on the Airbus A350. We see a great future expanding our business on the Airbus platforms, particularly through partnerships with companies such as Parker Aerospace.”
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Source : Ducommun Incorporated - view original press release