Ducommun Incorporated (NYSE: DCO) has entered into a multiyear agreement with TECT Power to perform chemical milling services for titanium fan blades used in Engine Alliance GP7200 engines. The GP7200 fan blades are produced by Pratt & Whitney, a unit of United Technologies (NYSE: UTX) and partner with GE Aviation in the Engine Alliance joint venture. The four-year contract – with a potential value of $6 million – will continue through 2016, and Ducommun AeroStructures will perform the work at the Company’s El Mirage, Calif., facility.
"This agreement with TECT Power represents new growth for Ducommun with a respected, leading provider of critical rotating components and assemblies for turbine engines," said Anthony J. Reardon, chairman, president and chief executive officer of Ducommun. "We share TECT's strong commitment to continuous improvement and customer satisfaction, and hope to deepen our business relationship with them going forward."
The Engine Alliance GP7200 engine powers the Airbus A380 commercial jumbo jet, and Ducommun AeroStructures chemically mills aluminum, titanium and steel parts for this high performance aircraft. The chemical milling process produces super lightweight parts with superior structural strength.
About Ducommun IncorporatedFounded 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 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, any difficulties, delays or failure in, or unanticipated costs of, realizing the expected synergies of the LaBarge acquisition, 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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