Ducommun Awarded First Direct Contract on Airbus A350 XWB
February 17 2015 - 7:00AM
Business Wire
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.
About Ducommun Incorporated
Founded in 1849, Ducommun Incorporated provides engineering and
manufacturing services to the aerospace, defense, and other
industries through a wide spectrum of electronic and structural
applications. The company is an established supplier of critical
components and assemblies for commercial aircraft and military and
space vehicles as well as for the energy market, medical field, and
industrial automation. It operates through two primary business
units – Ducommun AeroStructures (DAS) and Ducommun LaBarge
Technologies (DLT). Additional information can be found at
www.ducommun.com.
Statements contained in this press release regarding other than
recitation of historical facts are forward-looking statements.
These statements are identified by words such as “may,” “will,” “
begin,” “ look forward,” “expect,” “believe,” “intend,”
“anticipate,” “should”, “potential,” “estimate,” “continue,”
“momentum” and other words referring to events to occur in the
future. These statements reflect the Company’s current view of
future events and are based on its assessment of, and are subject
to, a variety of risks and uncertainties beyond its control,
including, but not limited to, the state of the world financial,
credit, commodities and stock markets, and uncertainties regarding
the Company, its businesses and the industries in which it
operates, which are described in the Company’s filings with the
Securities and Exchange Commission. The Company is under no
obligation to (and expressly disclaims any such obligation to)
update or alter its forward-looking statements whether as a result
of new information, future events or otherwise.
Photos/Multimedia Gallery Available:
http://www.businesswire.com/multimedia/home/20150217005177/en/
Ducommun IncorporatedJoseph P. Bellino, Vice President and Chief
Financial Officer310.513.7211orChris Witty, Investor
Relations646.438.9385cwitty@darrowir.com
Ducommun (NYSE:DCO)
Historical Stock Chart
From Mar 2024 to Apr 2024
Ducommun (NYSE:DCO)
Historical Stock Chart
From Apr 2023 to Apr 2024