Ducommun Receives Follow-On Contract from Sikorsky for BLACK HAWK Helicopter Program
LOS ANGELES--(BUSINESS WIRE)-- Ducommun Incorporated (NYS: DCO) ("Ducommun" or the "Company") today announced that it has received a multi-year contract from Sikorsky Aircraft Corp., a unit of United Technologies Corp. (NYS: UTX) , to continue to produce electromechanical assemblies for various models of the UH-60 BLACK HAWK helicopter. Ducommun LaBarge Technologies will produce the electromechanical assemblies at its Huntsville, Ark., facility through 2017.
"We're very pleased to support Sikorsky in meeting its ongoing commitments to the U.S. Army and Navy and, in so doing, extend our role as a leading provider of the helicopter's electronics," said Anthony J. Reardon, chairman, president and chief executive officer. "The BLACK HAWK is an enduring, battle-proven workhorse which must perform flawlessly in the field, utilizing our sophisticated components and assemblies. The BLACK HAWK, which we've supported for over two decades, remains our single biggest defense platform in terms of annual revenue, and we look forward to supporting it for many more years to come."
Ducommun LaBarge Technologies has manufactured electronic assemblies and wiring harnesses for the BLACK HAWK program since 2005, and Ducommun AeroStructures has supported the aircraft since its inception. The BLACK HAWK is the U.S. Army's primary utility tactical transport helicopter, valued for its ability to be quickly deployed and reconfigured for various missions to carry troops, weapons systems and supplies.
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 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.
Joseph P. Bellino
Vice President and Chief Financial Officer
KEYWORDS: United States North America California
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