Ducommun Inc. Announces Contracts for Brice's B1000 Passenger Seat.Business Editors & Aviation Writers LOS LOS Length of stay, see there ANGELES--(BUSINESS WIRE)--Feb. 26, 2001 Ducommun Inc. (NYSE NYSE See: New York Stock Exchange :DCO DCO Demande Chimique En Oxygène (French) DCO Digitally Controlled Oscillator DCO District Coordination Officer (Pakistan) DCO Defence Community Organisation (Australia) ) today announced that the company's Brice Manufacturing (Brice) subsidiary has been awarded orders from both Iberworld Airlines and Varig Airlines to supply its B1000 economy-class passenger seat for two new Airbus 320 and six new Boeing 767 aircraft. Joseph C. Berenato, chairman, president and chief executive officer of Ducommun, stated: "We are very pleased to announce these new orders for Brice's B1000 seat because these programs represent the first delivery of Brice seats directly to the Airbus and Boeing production lines for installation into new aircraft. This is an important milestone in obtaining Offerability status with both manufacturers. "We are currently in discussions with a number of airlines and leasing companies concerning their future needs and the B1000 continues to generate a high level of interest." Brice designs and manufactures the B1000 proprietary line of airline seats as well as providing seat refurbishment re·fur·bish tr.v. re·fur·bished, re·fur·bish·ing, re·fur·bish·es To make clean, bright, or fresh again; renovate. re·fur services, interior components, and in-flight video and telephone integration services for the commercial airline aftermarket Aftermarket See: Secondary market. aftermarket See secondary market. . Founded in 1849, Ducommun Inc. manufactures components and assemblies for the aerospace industry. Certain statements made in this news release are forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that involve risks and uncertainties. The company's future financial results could differ materially from those anticipated due to the company's dependence on conditions in the airline industry; the level of new commercial aircraft orders; production rates for Boeing commercial aircraft, the C-17 and the Space Shuttle space shuttle, reusable U.S. space vehicle. Developed by the National Aeronautics and Space Administration (NASA), it consists of a winged orbiter, two solid-rocket boosters, and an external tank. programs; the level of defense spending; competitive pricing pressures; technology and product development risks and uncertainties; product performance; risks associated with acquisitions and dispositions of businesses by the company; increasing consolidation of customers and suppliers in the aerospace industry; availability of raw materials and components from suppliers; the outcome of the lawsuit brought by Com Dev Consulting Ltd. against the company; and other factors beyond the company's control. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion