LOS ANGELES--(BUSINESS WIRE)--Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”) today reported that it has received a contract from Boeing (NYSE: BA) to produce engine inlet bulkheads for the 737 MAX — Boeing’s newest family of single-aisle airplanes. Ducommun will produce the titanium assemblies at its Parsons, Kan. operations center and ship them for integration into 737 MAX engine nacelle inlets at Boeing’s new Propulsion South Carolina facility. Ducommun has provided structural solutions for the 737 platform since its inception.
“This is an excellent win for Ducommun, as we expand our relationship with Boeing on the 737 MAX platform,” said Anthony J. Reardon, chairman and chief executive officer. ”In addition, this is the first time our Kansas operation will work directly with Boeing as a sole-sourced supplier, a major achievement. Our team will use proprietary manufacturing processes and materials that will enhance the fuel efficiency and lower operating costs for this highly-anticipated commercial jetliner.”
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.