Ducommun Awarded Contracts from Bell Helicopter for V-22 Osprey Business Wire LOS ANGELES -- March 25, 2014 Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”) today reported that it has received contracts valued at $5.6 million from Bell Helicopter, a subsidiary of Textron, Inc. (NYSE: TXT), to provide electronic assemblies and wiring harnesses for the V-22 Osprey tiltrotor military aircraft through January 2015. The Company will manufacture the electronic subassemblies at its Huntsville, Ark., plant and the wiring harnesses at its Joplin, Mo., facility. Ducommun has supported the V-22 program since 2005. “We are certainly pleased to see our relationship with Bell continue to strengthen and grow through the V-22 program,” said Anthony J. Reardon, chairman and chief executive officer. “This latest award expands our support of the program with a new electronic subassembly — which we will manufacture with the same commitment to product integrity for our customer and, most importantly, for the V-22 fighter pilots and combat troops.” The Bell Boeing V-22 is produced under a strategic alliance between Bell Helicopter and the Boeing Company (NYSE: BA). The V-22 Osprey is a joint service, multirole combat aircraft that uses tiltrotor technology to combine the speed and range of a fixed-wing airplane with the vertical performance of a helicopter. With its nacelles and rotors in vertical position, it can take off, land, and hover like a helicopter. Once airborne, its nacelles can be rotated to transform the aircraft into a turboprop airplane capable of high-speed, high-altitude flight. 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. Contact: Ducommun Incorporated Joseph P. Bellino, Vice President and Chief Financial Officer 310.513.7211 or Chris Witty, Investor Relations 646.438.9385 email@example.com
Ducommun Awarded Contracts from Bell Helicopter for V-22 Osprey
Press spacebar to pause and continue. Press esc to stop.