(LOS ANGELES, Dec. 6, 2005) -- Ducommun Incorporated (NYSE:DCO) today announced that its Ducommun AeroStructures, Inc. (DAS) subsidiary has been awarded a multi-year contract by Spirit AeroSystems, Wichita, Kansas valued at $42 million for B737 and B777 titanium super plastic formed (SPF) and hot formed details and welded assemblies. The work will be performed at DAS's Parsons, Kansas facility.
Joseph C. Berenato, chairman and chief executive officer of Ducommun, stated, "The award of this long-term contract reaffirms our ability to provide outstanding quality and delivery at a competitive price. This contract typifies our continuing effort to provide higher value-added by migrating from a pure parts supplier to a value-added supplier of assemblies capable of taking on larger and more complex statements of 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 and Form 10-Q for the quarter ended October 1, 2005 for the year ended December 31, 2004 for a more detailed discussion of these and other risk factors and contingencies.
Joseph C. Berenato