Ducommun Receives Multiyear Contracts from Gulfstream for New G500 and G600 Business Jets
Ducommun Incorporated (NYSE:DCO) (“Ducommun” or the “Company”) today reported it has received multimillion dollar contracts from Gulfstream Aerospace Corp., a wholly owned subsidiary of General Dynamics (NYSE: GD), to support the G500 and G600 – a new family of large-cabin, long-range business jets. Ducommun will be the sole source supplier of the titanium auxiliary power unit inlet duct and the cooler duct for these aircraft. Ducommun engineers designed and will oversee the testing of the titanium ducts. In addition, the Company will manufacture a variety of other titanium components for both aircraft.
“This is a great win for Ducommun, which will significantly expand our presence with Gulfstream going forward,” said Anthony J. Reardon, chairman and chief executive officer. “We remain committed to growing within all areas of the commercial aerospace market, including larger business jets, and these titanium awards position us for increased penetration in the years to come. We look forward to working with Gulfstream as they launch the G500 and G600.”
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Unveiled in October 2014, the Gulfstream G500 and G600 are meant to optimize speed, wide-cabin comfort and efficiency and offer best-in-class performance, with advanced safety features. The first flight of the G500 is scheduled for later this year, and Gulfstream expects to receive type certification during 2017 – with deliveries set to begin in 2018. The G600 flight-test program is anticipated to begin approximately 12 to 18 months after the G500 and enter service in 2019.
Ducommun has produced electronics and structures for a variety of Gulfstream aircraft, including the G450/G550/G650. Ducommun will produce the titanium components under these contracts at its operations centers in Coxsackie, N.Y., and Parsons, Kan., which was named a Gulfstream Supplier of the Year in 2011.
Source : Ducommun - view original press release