Ducommun Receives Multiyear Contract From Parker Aerospace for Electronics on Airbus A350

Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”) has received a multiyear contract from Parker Aerospace, a unit of Parker Hannifin Corporation (NYSE: PH), to produce complex printed circuit board assemblies for use in the fuel management system of the Airbus A350 family of commercial aircraft. The award has a potential value in excess of $20 million over the contract period, and is expected to begin production in mid-2014.

“This represents our first major Airbus contract with Parker Aerospace and, we believe, reflects their confidence in Ducommun as a trusted and capable manufacturing supplier,” said Anthony J. Reardon, chairman, president and chief executive officer. “We look forward to continuing and growing a mutually beneficial relationship and are pleased they have chosen Ducommun to support a critical system on the Airbus A350. We see a great future expanding our business on the Airbus platforms, particularly through partnerships with companies such as Parker Aerospace.”

Ducommun also has begun manufacturing printed circuit board assemblies for a retrofit fuel tank inerting system (FTIS) being deployed on various aircraft throughout the Airbus fleet. The FTIS work, which was awarded under a separate contract from Parker Aerospace, is valued at more than $1 million through September 2014, and Ducommun anticipates follow-on orders. Production of the printed circuit board assemblies for both contracts will take place at Ducommun’s Appleton, Wis., facility.