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DCO Ducommun Inc

55.90
0.83 (1.51%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Ducommun Inc NYSE:DCO NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.83 1.51% 55.90 55.88 55.0705 55.80 37,452 22:30:00

Ducommun Wins Multiyear Contract from Rolls-Royce for Trent 1000-TEN Aircraft Engine

22/04/2015 12:00pm

Business Wire


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Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”) today announced that it has been selected by Rolls-Royce Holdings plc (LSE: RR.L) to produce complex interconnect systems for the Trent 1000-Ten engine – which will power all variants of the Boeing 787 Dreamliner. Ducommun will manufacture these products through 2022 at its operation centers in Joplin, Mo. and Guaymas, Mexico.

“We’re very proud to begin a long-term relationship with Rolls-Royce on the powerful and proven Trent 1000 engine platform for large commercial, fixed-wing aircraft,” said Anthony J. Reardon, chairman and chief executive officer. “This agreement increases Ducommun’s content on the 787 Dreamliner as well as expands our customer base with a leading jet engine OEM – a core piece of our long-term growth strategy. We look forward to working with Rolls-Royce as they play a significant part in the Dreamliner production ramp over the coming years.”

The Trent 1000-TEN engine, scheduled to be certified by the European Aviation Safety Agency (EASA) before the end of 2015, incorporates proven, next-generation technology from the latest member of the Trent engine family, the Trent XWB, to produce a superior engine for the Boeing 787 Dreamliner. It will have more thrust and efficiency, offering up to a three percent reduction in fuel consumption compared with the current Trent 1000 standard.

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.

Ducommun IncorporatedJoseph P. Bellino, 310-513-7211Vice President and Chief Financial OfficerorChris Witty, 646-438-9385Investor Relationscwitty@darrowir.com

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