Ducommun Announces Cooperative Research Agreement with Airbus
June 17 2015 - 4:30PM
Business Wire
Companies to Explore Applications for
Innovative Composite Technology
Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”)
today announced that it has finalized a cooperative research
agreement with Airbus under which the companies will jointly
develop commercial aerospace applications using Ducommun’s
FoamMatrix™ technology, an advanced resin-transfer molding process.
The two entities will explore potential uses for flight surfaces
under the terms of the agreement, which was finalized at the Paris
Air Show in Le Bourget, France.
Ducommun’s FoamMatrix technology is a unique process that
utilizes proprietary materials; the process offers weight and cost
savings while producing a high-strength end product.
“This agreement with Airbus is an important step in Ducommun’s
strategy to deliver new and innovative solutions for our customers
within the commercial aerospace industry,” said Anthony J. Reardon,
chairman and chief executive officer. “We are excited to work
together to develop advanced applications using FoamMatrix, which
we believe offers inherent value due to its weight and net shape
characteristics – resulting in lightweight aircraft structures
without compromising strength or increasing cost.”
Francois Mery, senior vice president of aerostructures
procurement for Airbus, added, “The cooperative research agreement
with Ducommun will allow us to explore the full potential of
FoamMatrix, which we feel is a remarkable innovation that aligns
with Airbus’ commitment to reducing environmental impact and
bringing cost and performance benefits to the airline industry as
well as to the traveling public at large.”
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.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150617006372/en/
Ducommun IncorporatedJoseph P. BellinoVice President and Chief
Financial Officer310.513.7211orInvestor RelationsChris
Witty646.438.9385cwitty@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