New Century Companies, Inc. Precision Aerostructures Group Receives Order From Sikorsky Aircraft
October 20 2009 - 7:30AM
PR Newswire (US)
LOS ANGELES, Oct. 20 /PRNewswire-FirstCall/ -- New Century
Companies, Inc, (OTC BB: NCNC), announced today that its
subsidiary, Precision Aerostructures, received a new order from
Sikorsky Aircraft, a world leader in the design, manufacture, and
service of military and commercial helicopters. The initial order
is for aerostructure fuselage components. Mike Cabral, President of
Precision Aerostructures stated: "We are very pleased to welcome
Sikorsky Aircraft to our customer base. Our new association with
New Century Companies has increased our working capital and allows
us the opportunity to expand our presence in the aerospace market.
This and future expected business will continue to increase and
grow our $27,000,000 in backlog of orders." About New Century Co.
New Century Companies, Inc. is a supplier of structural aircraft
components and assemblies, as well as a leading re-manufacturer of
machine tools. New Century, through its wholly owned subsidiary
Precision Aerostructures, specializes in engineering and
manufacturing precision details for the aerospace industry that
perform reliably in harsh conditions, including high and low
temperatures, severe shock and vibration. New Century also is a
leading domestic manufacturer of machine tools, primarily vertical
boring mills and large lathes such as Vertical Turning Centers
(VTC). Precision serves major aircraft builders such as General
Electric, Boeing L3 Communications and Eclipse Aerospace. The
Company has production facilities in Rancho Cucamonga, CA and Santa
Fe Springs, CA. For more information please visit New Century's
website at http://www.newcenturyinc.com/ or Precision's website at
http://www.precisionaerostructures.com/. Safe Harbor
Forward-looking statement: Except for historical information, this
press release contains forward-looking statements, which reflect
the Company's current expectation regarding future events. These
forward-looking statements involve risks and uncertainties, which
may cause actual results to differ materially from those
statements. Those risks and uncertainties include, but are not
limited to, changing market conditions and other risks detailed
from time to time in the Company's ongoing quarterly filings,
annual information form, and annual reports. We undertake no
obligation to publicly update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise. In light of these risks, uncertainties and
assumptions, the forward-looking events in this press release might
not occur. CONTACT: David Duquette, CEO, New Century, Phone: (562)
906-8455 DATASOURCE: New Century Companies Inc. CONTACT: David
Duquette, CEO, New Century, Phone: (562) 906-8455
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