Ducommun Lands Multimillion-Dollar Contract from United Technologies for Braking System Upgrade
October 05 2016 - 7:00AM
Business Wire
Ducommun Incorporated (NYSE: DCO) today reported it has received
a multimillion-dollar contract from UTC Aerospace Systems, a unit
of United Technologies Corp. (NYSE: UTX), to manufacture complex
electronic assemblies for an upgrade to the braking system of a
major commercial aircraft program. Production is taking place at
Ducommun’s operations centers in Appleton, Wis., Huntsville, Ark.,
and Joplin, Mo. Ducommun signed a long-term supply agreement with
United Technologies in 2015 which has paved the way for new
opportunities to provide complex electronic and structural
assemblies and systems across UTC’s aerospace business units.
“This new contract for the upgrade is a great example of how
Ducommun is providing United Technologies with a broad range of
capabilities in electronics manufacturing services and solutions.
We have worked very closely with UTC to develop a very
sophisticated electronics assembly that must work perfectly under
all circumstances—including extreme operating environments,” said
Anthony J. Reardon, chairman, president and chief executive
officer. “With this and all future programs, our job remains to
earn the confidence placed in us when UTC selected Ducommun as a
long-term strategic supplier.”
UTC Aerospace Systems has more than 65 years’ experience in
aircraft wheel and braking systems, and more than 22,000 aircraft
are equipped with the company’s wheels and brakes.
About Ducommun Incorporated
Ducommun Incorporated delivers innovative manufacturing
solutions to customers in the aerospace, defense and industrial
markets. Founded in 1849, the company specializes in two core areas
– Electronic Systems and Structural Systems – to produce complex
products and components for commercial aircraft platforms,
mission-critical military and space programs, and sophisticated
industrial applications. For more information, visit
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20161005005153/en/
Ducommun IncorporatedDouglas L. Groves, Vice President, Chief
Financial Officer and Treasurer310.513.7200orChris Witty, Investor
Relations646.438.9385cwitty@darrowir.com
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