This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Ducommun Receives Multiyear Contract From Parker Aerospace For Electronics On Airbus A350

Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”) has received a multiyear contract from Parker Aerospace, a unit of Parker Hannifin Corporation (NYSE: PH), to produce complex printed circuit board assemblies for use in the fuel management system of the Airbus A350 family of commercial aircraft. The award has a potential value in excess of $20 million over the contract period, and is expected to begin production in mid-2014.

“This represents our first major Airbus contract with Parker Aerospace and, we believe, reflects their confidence in Ducommun as a trusted and capable manufacturing supplier,” said Anthony J. Reardon, chairman, president and chief executive officer. “We look forward to continuing and growing a mutually beneficial relationship and are pleased they have chosen Ducommun to support a critical system on the Airbus A350. We see a great future expanding our business on the Airbus platforms, particularly through partnerships with companies such as Parker Aerospace.”

Ducommun also has begun manufacturing printed circuit board assemblies for a retrofit fuel tank inerting system (FTIS) being deployed on various aircraft throughout the Airbus fleet. The FTIS work, which was awarded under a separate contract from Parker Aerospace, is valued at more than $1 million through September 2014, and Ducommun anticipates follow-on orders. Production of the printed circuit board assemblies for both contracts will take place at Ducommun’s Appleton, Wis., facility.

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.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 16,392.30 +40.92 0.25%
S&P 500 1,945.75 -3.11 -0.16%
NASDAQ 4,724.23 -25.7490 -0.54%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs