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Ducommun Incorporated (NYSE:DCO) today announced that its Ducommun
AeroStructures, Inc. (DAS) subsidiary has been awarded follow-on
contracts from The Boeing Company valued at $17.5 million for Chinook
CH-47 helicopter main rotor blade abrasion strips for use as both
original equipment and replacement blades.
The main rotor blade abrasion strip contracts are additive to
current production and extend deliveries into 2009. Boeing produces
the Chinook CH-47 helicopter in Philadelphia, PA for the U.S. Army.
The manufacture of the hot formed abrasion strips will be at DAS's
Gardena, California facility.
Joseph C. Berenato, chairman, president and chief executive
officer of Ducommun, stated, "We are pleased by the award of these
follow-on contracts which affirm our long-term commitment to Boeing on
the Chinook program, and highlight our leadership position in the
production of stainless steel, aluminum and titanium erosion shields
for a wide array of rotary wing applications, including the Chinook
main rotor blade abrasion strips. Our demonstrated capabilities in hot
form and SPF abrasion strip production has enabled us to win
additional helicopter programs from other customers, broadening our
presence in this important market segment. Finally, we are proud to be
a part of the Boeing Team supporting the Chinook helicopter program at
this time in our nation's history."
Ducommun AeroStructures manufactures large, complex structural
components and assemblies in aluminum, specialty alloys such as
titanium, metal bond and composites for a wide variety of military and
commercial aerospace applications.
Founded in 1849, Ducommun Incorporated provides engineering and
manufacturing services to the aerospace and defense industry.
The statements made in this press release include forward-looking
statements that involve risks and uncertainties. The Company's future
financial results could differ materially from those anticipated due
to the Company's dependence on conditions in the airline industry, the
level of new commercial aircraft orders, production rates for Boeing
commercial aircraft, the C-17 and Apache helicopter rotor blade
programs, the level of defense spending, competitive pricing
pressures, manufacturing inefficiencies, start-up costs and possible
overruns on new contracts, technology and product development risks
and uncertainties, product performance, risks associated with
acquisitions and dispositions of businesses by the Company, increasing
consolidation of customers and suppliers in the aerospace industry,
possible goodwill impairment, availability of raw materials and
components from suppliers, and other factors beyond the Company's
control. See the Company's Form 10-K for the year ended December 31,
2006 and Form 10-Q for the quarter ended March 31, 2007 for a more
detailed discussion of these and other risk factors and contingencies.
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