Ducommun Incorporated (NYSE: DCO) today reported it has received a multimillion-dollar contract from UTC Aerospace Systems, a unit of United Technologies Corp. (NYSE: UTX), to manufacture complex electronic assemblies for an upgrade to the braking system of a major commercial aircraft program. Production is taking place at Ducommun’s operations centers in Appleton, Wis., Huntsville, Ark., and Joplin, Mo. Ducommun signed a long-term supply agreement with United Technologies in 2015 which has paved the way for new opportunities to provide complex electronic and structural assemblies and systems across UTC’s aerospace business units.
“This new contract for the upgrade is a great example of how Ducommun is providing United Technologies with a broad range of capabilities in electronics manufacturing services and solutions. We have worked very closely with UTC to develop a very sophisticated electronics assembly that must work perfectly under all circumstances—including extreme operating environments,” said Anthony J. Reardon, chairman, president and chief executive officer. “With this and all future programs, our job remains to earn the confidence placed in us when UTC selected Ducommun as a long-term strategic supplier.”
UTC Aerospace Systems has more than 65 years’ experience in aircraft wheel and braking systems, and more than 22,000 aircraft are equipped with the company’s wheels and brakes.
Key data points: The market size in 2031 = $6.9 billion, growth forecast = 3.8% annually for the next 7 years. Scroll below to get more insights. This market report covers trends, opportunities, and forecasts in the global flight inspection market to 2031 by solution (service and system), end use (commercial airports, defense airports, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)
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