Business Editors
LOS ANGELES--(BUSINESS
Ducommun Incorporated (NYSE:DCO) today announced that its Ducommun Technologies (DTI) subsidiary has been awarded Silver status in the Boeing Preferred Supplier Certification Program.
Joseph C. Berenato, chairman, president and chief executive officer of Ducommun, stated, "We are very proud of DTI's elevation to Silver status. A Bronze rated supplier since 1995, DTI embarked on an 18-month effort to improve delivery and quality performance to achieve Silver status. This award distinguishes DTI as one of only 203 Boeing production-type suppliers out of a total supplier base of over 12,000 who have reached Silver level status. The impetus for this effort was to position DTI for more work as The Boeing Company has made clear its intention to provide more business opportunities to its Certified Suppliers."
Additionally, DTI underwent an Advanced Quality Systems assessment and met the criteria of a rigorous on-site Business Assessment conducted by Boeing to measure leadership, quality, product delivery, cost, and technology.
Ducommun Technologies designs, engineers, and manufactures illuminated push button switches and panels, high-reliability microwave and RF signal processing components, fractional horsepower motors, and resolvers.
Founded in 1849, Ducommun Incorporated manufactures components and assemblies for the aerospace 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, availability of raw materials and components from suppliers, and other factors beyond the Company's control. A more detailed discussion of risk factors and contingencies is included in the Company's Form 10-Q for the period ended September 28, 2002.