Ducommun Incorporated (NYSE: DCO) has received a series of contracts from AgustaWestland Philadelphia Corporation to produce specialized, complex wiring harnesses for the new AW139 multi-mission helicopter. Ducommun LaBarge Technologies will produce the wiring harnesses through December 2014 at the Company’s Joplin, Mo., facility.
"We are excited that AgustaWestland has selected Ducommun for this new opportunity,” said Anthony J. Reardon, chairman, president and chief executive officer. “We have a long history of supporting AgustaWestland through our Ducommun AeroStructures group and are pleased to be able to support them on this important program through our Ducommun LaBarge Technologies group. We have the technology, manufacturing expertise, and high-level support required by AgustaWestland, and look forward to growing our relationship on the AW139 helicopter and beyond."
The AW139 sets new standards for multi-mission performance via its unrivaled range; the highest power-to-weight ratio in its class; and its performance under extreme conditions – along with cruising speeds of up to 165 knots. It features a low acoustic signature, integrated mission avionics and is available with a full ice protection system, allowing aircrews to accomplish missions in the most demanding environments. More than 180 customers in 60 countries use the medium-twin engine AW139 for multi-mission roles. As the most modern and versatile helicopter designed and produced in the last decade, nearly 670 AW139s have been sold worldwide.
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.
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV