Ducommun Incorporated Announces Delivery of Nanosatellites to U.S. Army Space and Missile Defense Command
LOS ANGELES--(BUSINESS WIRE)--Ducommun Incorporated (NYSE: DCO) today announced that its Miltec Corporation (Miltec) subsidiary delivered flight-ready nanosatellites to the U.S. Army Space and Missile Defense Command/Army Forces Strategic Command (USASMDC/ARSTRAT) in Huntsville, Alabama on April 28, 2009. This delivery marks the completion of the first U.S. Army satellite development program since the Courier 1B communications satellite in 1960.
Joseph C. Berenato, chairman and chief executive officer of Ducommun, stated, “This delivery demonstrates our ability to design, develop and deliver a flight-ready satellite system in less than one year. This performance highlights the unique design and development capabilities at Miltec and strengthens our partnership with the U.S. Army Space and Missile Defense Command. We are looking forward to a successful on-orbit demonstration which is the next phase of this program.”
The SMDC-ONE program is managed by the USASMDC/ARSTRAT Technical Center, Space Division. The design and development effort was primarily conducted at Miltec Corporation located in Huntsville, Alabama, with portions of the design and integration testing performed at Miltec’s System Integration and Test Facility located in Iuka, Mississippi. Miltec worked closely with the Aviation and Missile Research Development and Engineering Center (AMRDEC) and NASA Marshall Space Flight Center for flight qualification and subsystem testing. Delivery of the SMDC-ONE satellites signals the beginning of the launch integration and technical demonstration planning phase.
Miltec Corporation is a leading technology company with design, development, integration and test capabilities in the areas of missiles, space, sensors and simulation.
Founded in 1849, Ducommun Incorporated provides engineering and manufacturing services to the aerospace and defense industry.
The statements made in this press release include forward-looking statements that involve risks and uncertainties. The Company’s future financial results could differ materially from those anticipated due to the Company’s dependence on conditions in the airline industry, the level of new commercial aircraft orders, production rates for Boeing commercial aircraft, the C-17 and Apache helicopter rotor blade programs, the level of defense spending, competitive pricing pressures, manufacturing inefficiencies, start-up costs and possible overruns on new contracts, technology and product development risks and uncertainties, product performance, risks associated with acquisitions and dispositions of businesses by the Company, increasing consolidation of customers and suppliers in the aerospace industry, possible goodwill impairment, availability of raw materials and components from suppliers, and other factors beyond the Company’s control. See the Company’s Form 10-K for the year ended December 31, 2008 for a more detailed discussion of these and other risk factors and contingencies.