Ducommun Wins Additional Work on Boeing 737 MAX
By Business Wire News
By Business Wire News
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.
Joseph P. Bellino, Vice President and Chief Financial Officer
Chris Witty, Investor Relations