Ducommun Wins Additional Work from Airbus for A320neo
January 25 2017 - 7:30AM
Award Expands Ducommun’s Content on A320neo
Ducommun Incorporated (NYSE:DCO) (“Ducommun” or the “Company”)
today announced it has received a multiyear, multimillion dollar
contract from Airbus to produce additional titanium structures for
engine support and engine frames on the A320neo (new engine option)
aircraft. The award increases Ducommun’s content on the
single-aisle jetliner. Ducommun will manufacture these titanium
engine support structures using its proprietary hot forming and
super-plastic forming processes at its operations center in
Parsons, Kan.
“This award further demonstrates our support of
Airbus with innovative, value-added structural solutions, and we
are certainly pleased to see their continued confidence in our
capabilities,” said Stephen G. Oswald, president and chief
executive officer. “We believe our expertise in a wide array of
titanium forming technologies presents numerous opportunities for
accelerated growth across the aerospace industry. This is a key
area of strategic focus for Ducommun, and we are investing in
technologies that will support our customers’ changing requirements
for their next generation aircraft.”
For more information about the Airbus A320neo,
visit
http://www.airbus.com/aircraftfamilies/passengeraircraft/a320family/spotlight-on-a320neo/.
About Ducommun Incorporated
Ducommun Incorporated delivers innovative, value-added
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.
CONTACTS:
Douglas L. Groves, Vice President, Chief Financial Officer and Treasurer, 310.513.7200
Chris Witty, Investor Relations, 646.438.9385, cwitty@darrowir.com
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