VersaCore Composite™ Reaches Production Milestone for Airbus A320 Nacelle Component Award
June 17 2019 - 11:00PM
Ducommun Incorporated (NYSE: DCO) today announced that production
deliveries of composite closeout panels included in the Middle
River Aircraft Systems (MRAS) award announced last August are now
in full production. In addition, the proprietary VersaCore
Composite™ blocker doors are on track for final qualification and
2020 production deliveries.
The blocker door component package is part of
the thrust reverser system used on the engine nacelles. Ducommun
collaborated with MRAS to design the composite structural design.
The product will be produced at Ducommun’s Guaymas, Mexico
facility, which is being industrialized to meet the estimated $200
million in revenue through 2029.
“We are pleased to report that production of the
first parts, closeout panels, included in MRAS’ award are now being
delivered to Middle River Aircraft Systems for use on the Airbus
A320 nacelles. We are excited about the future of Ducommun’s
VersaCore Composite™ technology being on this important nacelle
platform and are also pursuing other applications that will provide
high value to our customers,” said Stephen G. Oswald, chairman,
president and chief executive officer of Ducommun Incorporated.
Innovative VersaCore Composite™ proprietary
composite technology was first launched in 2016, and is currently
used on commercial and military aircraft structures, including
aircraft engine nacelles. The technology offers integrated
component design while also providing lower cost along with high
part integrity and strength. For customers, this means favorable
cost, fewer parts, reduced assembly time and reduced amounts of
inventory to manage. Other ideal applications include aircraft
doors, flight control surfaces, fairings, ducts and contoured
parts.
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
www.ducommun.com.
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 relating to the program discussed
above. We generally use the words “believe,” “estimate,” and
similar expressions in this press release to identify
forward-looking statements. These statements are based on
assumptions currently believed to be valid, but they involve risks
and uncertainties that could cause our actual results to differ
materially from those expressed in the forward looking statements.
Important uncertainties that could cause our actual results to
differ from those expressed in the forward looking statements are
identified in our reports filed with the SEC, including our
Quarterly Reports on Form 10-Q, our Annual Reports on Form 10-K,
and our Current Reports on Form 8-K. The forward looking statements
included in this press release are made only as of the date of this
press release, and Ducommun does not undertake any obligation to
(and expressly disclaims any such obligation to) update the forward
looking statements to reflect subsequent events or
circumstances.
CONTACTS:Christopher D. Wampler, Vice
President, Interim Chief Financial Officer and Chief Accounting
Officer, 310.513.7290Chris Witty, Investor Relations, 646.438.9385,
cwitty@darrowir.com
Ducommun (NYSE:DCO)
Historical Stock Chart
From Mar 2024 to Apr 2024
Ducommun (NYSE:DCO)
Historical Stock Chart
From Apr 2023 to Apr 2024