Ducommun Receives First Contract for Airbus A321
Expands Relationship with Alenia Aermacchi, a Finmeccanica Company
LOS ANGELES--(BUSINESS WIRE)-- Ducommun Incorporated (NYS: DCO) ("Ducommun" or the "Company") today announced it has signed a long-term agreement with Alenia Aermacchi, a unit of Italy's Finmeccanica Group, to produce various fuselage skins for the Airbus A321 commercial aircraft. The first award under this agreement runs through 2016. Ducommun AeroStructures is manufacturing the aluminum fuselage skins at its Gardena, Calif. and Orange, Calif. facilities, which specialize in the assembly, forming, machining and chemical milling of large aircraft structures.
"The A321 is a new platform for Ducommun, and this long-term agreement significantly expands our partnership with Alenia Aermacchi," said Anthony J. Reardon, chairman, president and chief executive officer. "As our first major contract for an Airbus single-aisle aircraft, this is a great opportunity for us to showcase our technology and production expertise as we look to expand sales across the A320 family. We look forward to working with Alenia Aermacchi and strengthening our relationship with Airbus for many years to come."
The A321 - the largest aircraft in the A320 family - has a stretched fuselage along with an extended operating range of up to 3,000 nautical miles.
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.
Joseph P. Bellino
Vice President and Chief Financial Officer
646-438-9385 / firstname.lastname@example.org
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