Spirit Selects Ducommun for Boeing 737 MAX

By Business Wire,  July 08, 2014, 07:00:00 AM EDT


LOS ANGELES--(BUSINESS WIRE)-- Ducommun Incorporated (NYSE:DCO) ("Ducommun" or the "Company") today announced that it has been awarded several contracts by Spirit AeroSystems, Inc. (NYSE:SPR) to produce structural assemblies for the Boeing 737 MAX commercial jetliner. Ducommun will provide a variety of titanium assemblies used in the propulsion and thrust reverser assemblies built by Spirit AeroSystems for the 737 MAX. Production on these initial contracts is expected to begin later this year. Ducommun has provided structural solutions to the 737 platform since its inception.

"This is a significant win for Ducommun which allows us to work hand in hand with Spirit in supporting the 737 MAX," said Anthony J. Reardon, chairman and chief executive officer. "We look forward to strengthening our relationship with both Spirit and Boeing in the development of these new applications. Spirit is a very important partner for us on the 737 program, and we are excited to further expand our content on this aircraft."

The Boeing 737 MAX will build on the platform's reliability while delivering improved fuel efficiency to the single-aisle market. First flight is scheduled for 2016, with deliveries to customers anticipated to begin in 2017. The 737 MAX has already accumulated over 2,000 orders and is expected to have eight percent lower per-seat operating costs than its competition.

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.

Source: Ducommun Incorporated



This article appears in: News Headlines

Referenced Stocks: DCO, SPR


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