Ducommun Announces Long-Term Supply Agreement with United Technologies, Expands Aerospace Opportunities

LOS ANGELES--()--Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”) today announced that it has finalized a long-term supply agreement with United Technologies Corp. (UTC) (NYSE: UTX), expanding the Company’s current involvement on several key programs and opening new opportunities to provide complex electronic and structural assemblies and systems across UTC’s aerospace business units.

“We are very pleased to announce this ‘One Company Agreement’ with Ducommun and commend them for their commitment to meeting UTC’s high standards for quality and performance while ensuring cost competitiveness”

“This agreement is a significant milestone in Ducommun’s growth strategy within commercial aerospace. We are proud that our performance and commitment to customer service have earned United Technologies’ confidence and selection of Ducommun as their long-term strategic supplier. United Technologies is at the leading edge of commercial aviation and we are thrilled to support them in the unparalleled growth trajectory anticipated for the aerospace industry,” said Anthony J. Reardon, chairman and chief executive officer.

Reardon noted that Ducommun is actively engaged in the UTC Supplier Gold program with several of its sites having achieved certified Supplier Gold status and that Ducommun maintains a strong commitment to having all sites supporting UTC achieve Supplier Gold status in the coming years.

“We are very pleased to announce this ‘One Company Agreement’ with Ducommun and commend them for their commitment to meeting UTC’s high standards for quality and performance while ensuring cost competitiveness,” said Sam Abdelmalek, vice president, Global Supply Management and Supply Chain Integration, United Technologies Corp. “UTC’s aerospace businesses are well-positioned for significant growth over the coming years. Suppliers such as Ducommun who commit to our new standards, meet our demanding performance requirements and satisfy our UTV2 cost-savings initiatives will have the opportunity to share in this growth for years to come.”

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.

Contacts

Ducommun Incorporated
Joseph P. Bellino, 310-513-7211
Vice President and Chief Financial Officer
or
Chris Witty, 646-438-9385
Investor Relations
cwitty@darrowir.com

Ducommun Incorporated