Ducommun Wins Additional Work on Boeing 737 MAX
July 14 2015 - 7:00AM
Business Wire
Ducommun Incorporated (NYSE:DCO) (“Ducommun” or the “Company”)
today reported it has been awarded a contract from Spirit
AeroSystems, Inc. (NYSE:SPR) to produce titanium APU (auxiliary
power unit) exhaust fairing assemblies, housed in the tail cone,
for the Boeing 737 MAX commercial jetliner. The award runs through
2018, with production taking place at the Company’s Parsons,
Kansas, facility. Ducommun previously announced it will produce
ground and flight spoilers for the 737 MAX as well as other
structural titanium assemblies.
“Our relationship with Spirit continues to strengthen as we work
together to support an outstanding aircraft,” said Anthony J.
Reardon, chairman and chief executive officer. “This is another
example of our long-term customer relationships as well as the
expanding breadth of our structural capabilities. We are primed for
further growth in content on the 737 MAX and look forward to
proving ourselves as a partner of choice for both Spirit and
Boeing.”
Ducommun has provided structural solutions to the 737 platform
since its inception. The Boeing 737 MAX will build on the
platform’s reliability while delivering improved fuel efficiency to
the single-aisle market. First flight is scheduled for 2016, with
deliveries anticipated to begin in 2017. The 737 MAX has
accumulated over 2,000 orders and is expected to have eight percent
lower per-seat operating costs than its competition.
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/20150714005512/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