Ducommun Incorporated (NYSE:DCO) (“Ducommun” or the “Company”) today reported that it has been awarded its first direct contract from Airbus for the A350 XWB wide-body aircraft. Ducommun will provide titanium components for titanium assemblies that will be installed on the aft fuselage section of the jet. The components are already in production at Ducommun’s Coxsackie, N.Y. operations center, which specializes in forming technology for shaping titanium, steel and other hard metals for challenging aerospace requirements.
“This new contract establishes the baseline for Ducommun to continue expanding its support of Airbus in North America,” said Anthony J. Reardon, chairman and chief executive officer. “We are focused on growing our relationship with this key original equipment manufacturer by providing value-added structural solutions for the innovative Airbus technology being implemented to make aircraft stronger, lighter, and more energy efficient. We already support the A350 XWB through an Airbus subcontract, and supply structural components for A320 and A330 aircraft, as well as aluminum fuselage skins for the A321.”
The A350 XWB is an all-new family of mid-size, wide-body aircraft which will set a new standard of comfort and efficiency in its class – with 25 percent lower fuel consumption compared to current generation aircraft. At the end of January 2015, the A350 XWB had won 780 orders from 40 customers worldwide.
Key data points: The growth forecast = 38.7% annually for the next 7 years. Scroll below to get more insights. This market report covers trends, opportunities and forecasts in eVTOL aircraft market to 2031 by propulsion type (battery-electric, hybrid-electric, and hydrogen-electric), mode of operation (piloted, autonomous, and semi-autonomous), lift technology (vectored thrust, multirotor, and lift plus cruise), application (commercial, military, emergency medical service, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
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