unit Ducommun AeroStructures got a $15 million follow-on award from
for production of C-17 structural components and assemblies.
This award is additive to current production and extends deliveries into 2007. The aluminum fuselage panels represent some of the largest panels in the aerospace industry, the Los Angeles defense contractor said.
"The manufacture of these fuselage skin panels highlights both our unique capability to handle the largest panels in the industry and the development of our program management capabilities, which allow us to take on increasing complex statements of work and to manage the supply chain for our major customers," CEO Joseph C. Berenato said. "As the prime contractors and first-tier subcontractors look to reduce their cost structures, I believe Ducommun is increasingly well positioned to capitalize on further significant off-load opportunities from our key customers."
On Monday, the stock dropped a penny to $20.40.