Ducommun Incorporated Announces $3.7 Million Contract Award from NASA for Advanced Sensor Testbeds.LOS ANGELES -- Ducommun Incorporated (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 Miltec, a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of Ducommun Technologies, Inc., and NASA NASA: see National Aeronautics and Space Administration. NASA in full National Aeronautics and Space Administration Independent U.S. , with the support of the US Army Redstone Arsenal's Aviation & Missile Research, Development & Engineering Center (AMRDEC AMRDEC Aviation and Missile Research, Development and Engineering Center (US Army Aviation and Missile Command) ), have teamed to develop new minimally intrusive sensor applications for launch vehicle environments. These advanced sensor testbeds are geared towards increasing the reliability and safety of launch vehicle systems by providing in situ In place. When something is "in situ," it is in its original location. measurement of critical subsystems components. This $3.7 million contract between NASA and Miltec paves the way for gathering temperature, pressure and other data in areas of launch vehicles that previously were considered too challenging or risky to measure. Joseph C. Berenato, chairman, president and chief executive officer of Ducommun, stated, "We are pleased to be growing our relationship with NASA and AMRDEC through our sensor technology capabilities. We have long supported NASA's space launch endeavors by providing hardware for the Space Shuttle's External Fuel Tank. With the addition of Miltec's engineering capabilities, we hope to provide both engineering design services and hardware production capability to NASA and other key customers, as well." Ducommun Technologies is a leading technology company with design, development, manufacturing, integration, and test capabilities in the areas of missiles, space, sensor, simulations, complex electronic/mechanical assemblies, illuminated cockpit displays, RF systems and space qualified motion control devices. Founded in 1849, Ducommun Incorporated provides engineering and manufacturing services to the aerospace and defense industry. The statements made in this press release include forward-looking statements 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 Apache helicopter rotor blade programs, the level of defense spending, competitive pricing pressures, manufacturing inefficiencies, start-up costs and possible overruns on new contracts, 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, possible goodwill impairment, availability of raw materials and components from suppliers, and other factors beyond the Company's control. See the Company's Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2005, and Form 10-Q Form 10-Q See 10-Q. for the quarter ended July 1, 2006, for a more detailed discussion of these and other risk factors and contingencies. |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion