SANTA ANA, Calif., July 13, 2021 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE: DCO), a global supplier of innovative electronic and structural solutions for the aerospace & defense industry, announced that it has been recognized as an Airbus Detail Parts Partner (D2P) and awarded a long-term, five-year contract to provide a Titanium work package for key products on the A320 and A330 programs.
“We are thrilled and honored to be awarded for the first time a D2P Partner designation by Airbus representing preferred supplier status along with a long term five year contract. This is a significant step forward for Ducommun and its industry leading Titanium structural component business and a major milestone in the 172 year history of our company,” said Stephen G. Oswald, chairman, president and chief executive officer.
The significant Airbus contract extends through 2026. The scope of the agreement is to provide a Titanium package to Airbus for products on multiple programs, including the versatile A320 family of single-aisle aircraft and the A330 wide-body platform. The work will be performed at Ducommun’s world-class engineering and manufacturing performance centers.
About Ducommun Incorporated
Ducommun Incorporated delivers value-added, innovative manufacturing solutions to customers in the aerospace, defense and industrial markets. Founded in 1849, the company specializes in two core areas – Electronic Systems and Structural Systems – to produce complex products and components for commercial aircraft platforms, mission-critical military and space programs, and sophisticated industrial applications. For more information, visit Ducommun.com.
Forward-Looking Statements
This press release includes "forward looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including in particular, statements relating to Ducommun’s expectations pertaining to its relationship with key customers. The Company generally uses the words “may,” “will,” “could,” “expect,” “anticipate,” “believe,” “estimate,” “plan,” “intend,” “continue” and similar expressions in this press release to identify forward-looking statements and similar expressions that concern Ducommun’s intentions or beliefs about future occurrences, expectations, or results. Forward looking statements are subject to risks and uncertainties, including those detailed in the Company’s reports filed with the Securities and Exchange Commission, including our Quarterly Reports on Form 10-Q, our Annual Reports on Form 10-K, and our Current Reports on Form 8-K. You should understand that many important factors could cause the Company’s results to differ materially from those expressed or suggested in any forward-looking statement. Except as required by law, the Company does not undertake any obligation to update or revise these forward-looking statements to reflect new information or events or circumstances that occur after the date of this news release, or to reflect the occurrence of unanticipated events or otherwise. Readers are advised to review the Company’s filings with the Securities and Exchange Commission (which are available from the SEC’s EDGAR database at www.sec.gov).
MEDIA CONTACTS:
Christopher D. Wampler, Vice President, Chief Financial Officer, Controller and Treasurer, 657.335.3665
Chris Witty, Investor Relations, 646.438.9385, cwitty@darrowir.com
Source: Ducommun Incorporated
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