Ducommun Incorporated today announced that Miltec, a wholly owned subsidiary of Ducommun Technologies, Inc., has been awarded a $2.6 million contract to provide hardware-in-the-loop simulation support for the National Aeronautics and Space Administration's (NASA) Marshall Space Flight Center (MSFC) avionics laboratories in Huntsville, Alabama. Under the terms of the contract, the Miltec team will participate with NASA personnel in the enhancement of MSFC hardware-in-the-loop simulation laboratories in preparation for testing the next generation of launch vehicles that will return humans to the moon and then to Mars and other destinations. MSFC hardware-in-the-loop simulation capabilities will be enhanced to support Crew Exploration Vehicle (CEV) and Crew Launch Vehicle (CLV) testing activities beginning in 2007. Additionally, MSFC hardware-in-the-loop laboratories will support a common simulation infrastructure providing a standard simulation environment across facilities; thus, increasing the utilization of personnel, and reducing training, testing and maintenance costs.
Joseph C. Berenato, chairman, president and chief executive officer of Ducommun, stated, "We are excited to support NASA's vision for space exploration. The Marshall Space Flight Center simulation labs have unique capabilities where mission components are tested in a wide variety of environments that include pre-launch operations, launch, orbital maneuvers, rendezvous, docking, berthing and landing. Ducommun has been a supplier to NASA for many years, providing hardware for the Space Shuttle's External Fuel Tank. We will continue to seek other opportunities to support NASA in its space exploration endeavors."
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 for the year ended December 31, 2005, and Form 10-Q for the quarter ended July 1, 2006, for a more detailed discussion of these and other risk factors and contingencies.
Joseph C. Berenato, 310-513-7209