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.”
2014 Deep Research Report on Global and China Aircraft Carbon Brake Disc Industry
Source : Ducommun Incorporated
Apr 20 - 23, 2015 - London, United Kingdom