Ducommun Awarded First Direct Contract on Airbus A350 XWB
Ducommun Incorporated (NYSE:DCO) (“Ducommun” or the “Company”) today reported that it has been awarded its first direct contract from Airbus for the A350 XWB wide-body aircraft. Ducommun will provide titanium components for titanium assemblies that will be installed on the aft fuselage section of the jet. The components are already in production at Ducommun’s Coxsackie, N.Y. operations center, which specializes in forming technology for shaping titanium, steel and other hard metals for challenging aerospace requirements.
“This new contract establishes the baseline for Ducommun to continue expanding its support of Airbus in North America,” said Anthony J. Reardon, chairman and chief executive officer. “We are focused on growing our relationship with this key original equipment manufacturer by providing value-added structural solutions for the innovative Airbus technology being implemented to make aircraft stronger, lighter, and more energy efficient. We already support the A350 XWB through an Airbus subcontract, and supply structural components for A320 and A330 aircraft, as well as aluminum fuselage skins for the A321.”
The A350 XWB is an all-new family of mid-size, wide-body aircraft which will set a new standard of comfort and efficiency in its class – with 25 percent lower fuel consumption compared to current generation aircraft. At the end of January 2015, the A350 XWB had won 780 orders from 40 customers worldwide.
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.
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