Ducommun Incorporated (NYSE: DCO) today announced that it has received contracts totaling approximately $14 million from Bell Helicopter, a unit of Textron, Inc. (NYSE: TXT). The Ducommun LaBarge Technologies business unit (DLT), a provider of electronics manufacturing services (EMS), will produce electronic assemblies and wiring harnesses for the V-22 Osprey military aircraft. DLT has supported the V-22 program since 2005.
“The Bell-Boeing V-22 Osprey combines the speed of a plane and the hovering ability of a helicopter; it is a true multi-task aircraft,” said Anthony J. Reardon, president and chief executive officer. “Whether the job is transporting troops, delivering cargo, or flying Special Forces operations, the V-22 brings more capabilities to the mission than any other aircraft on the market.”
The V-22 is produced under a strategic alliance between Bell Helicopter and The Boeing Company (NYSE: BA). DLT expects the new contracts will expand production on the V-22 program at the Company’s Huntsville, Ark., and Joplin, Mo., operations through the fall of 2013.
About Bell Helicopter
Headquartered in Fort Worth, Texas, Bell Helicopter has additional plants in Amarillo, Texas and Mirabel, Canada. Bell maintains key logistics supply and service centers in Europe, Canada, and Singapore as well as in the United States. As the world’s premier provider of vertical lift aircraft, Bell Helicopter continues to provide every customer with products, service and support second to none.
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
(646) 438-9385 / email@example.com
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