( LOS ANGELES - Sept. 28, 2005 ) - Ducommun Incorporated (NYSE:DCO) today announced that its Ducommun Technologies, Inc. (DTI) subsidiary has been awarded a $38.0 million contract from Raytheon Space and Airborne Systems (SAS) for the manufacture and subsystem integration of electromechanical radar racks and enclosures for the APG-79 Active Electronically Scanned Array (AESA) radar system. This contract follows the $5.8 million Low Rate Production contract that DTI announced in February 2004, and is for both current production and upgrade programs on the F/A18 E/F "Super Hornet" aircraft. The period of performance is through 2008, and the manufacture and subsystem integration work will be performed at DTI's Phoenix facility.
Joseph C. Berenato, chairman and chief executive officer of Ducommun, stated, "We are very pleased to have been selected by SAS to continue into the full rate production phase of this program. The award of this contract demonstrates the confidence our customer has in DTI's capabilities and broadens the scope of our participation in complex assembly and upgrade programs, which is central to our strategy of driving internal growth through programs that combine our mechanical assembly, electronic assembly, integration and test capabilities."
Ducommun Technologies designs, engineers, manufactures and integrates complex mechanical and electromechanical subsystems, as well as a variety of components such as illuminated push button switches, high-reliability microwave and RF signal processing components, fractional horsepower motors and resolvers for the defense, electronics and commercial aviation industries.
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, and Form 10-Q for the quarter ended July 2, 2005, for a more detailed discussion of these and other risk factors and contingencies.
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