Ducommun Incorporated (NYSE: DCO) has received a contract from Bell Helicopter, a unit of Textron Inc. (NYSE: TXT), to produce titanium firewall and baffle assemblies for the AH-1Z Cobra – the U.S. Marine Corps' newest attack helicopter. Ducommun AeroStructures will produce the assemblies at its Coxsackie, N.Y. facility through 2013.
"We're very pleased to expand our relationship with Bell Helicopter to support the AH-1Z program," said Anthony J. Reardon, chairman, president and chief executive officer of Ducommun. "Our expertise in forming complex titanium structures ensures these assemblies will retain their strength in extreme high-temperature operating environments. We are proud to support a key customer, Textron, in this important application."
The U.S. Marine Corps is replacing the two-blade AH-1W with the AH-1Z, which features a new four-blade composite rotor system, upgraded landing gear, and a fully integrated glass cockpit. The AH-1Z will serve a primary role in assault support along with air reconnaissance. The attack helicopter will also play a supporting role in anti-air warfare, electronic warfare, and control of aircraft and missiles.
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
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