Ducommun Wins Multiyear Contract from Rolls-Royce for Trent 1000-TEN Aircraft Engine
April 22 2015 - 7:00AM
Business Wire
Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”)
today announced that it has been selected by Rolls-Royce Holdings
plc (LSE: RR.L) to produce complex interconnect systems for the
Trent 1000-Ten engine – which will power all variants of the Boeing
787 Dreamliner. Ducommun will manufacture these products through
2022 at its operation centers in Joplin, Mo. and Guaymas,
Mexico.
“We’re very proud to begin a long-term relationship with
Rolls-Royce on the powerful and proven Trent 1000 engine platform
for large commercial, fixed-wing aircraft,” said Anthony J.
Reardon, chairman and chief executive officer. “This agreement
increases Ducommun’s content on the 787 Dreamliner as well as
expands our customer base with a leading jet engine OEM – a core
piece of our long-term growth strategy. We look forward to working
with Rolls-Royce as they play a significant part in the Dreamliner
production ramp over the coming years.”
The Trent 1000-TEN engine, scheduled to be certified by the
European Aviation Safety Agency (EASA) before the end of 2015,
incorporates proven, next-generation technology from the latest
member of the Trent engine family, the Trent XWB, to produce a
superior engine for the Boeing 787 Dreamliner. It will have more
thrust and efficiency, offering up to a three percent reduction in
fuel consumption compared with the current Trent 1000 standard.
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.
Ducommun IncorporatedJoseph P. Bellino, 310-513-7211Vice
President and Chief Financial OfficerorChris Witty,
646-438-9385Investor Relationscwitty@darrowir.com
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