Sequester fate still far off: Ducommun
Mar 07, 2013 | 05:21 PM
| Frank Haflich
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sequestration,
earnings report,
industrial,
defense,
Boeing,
aerospace,
Frank Haflich
LOS ANGELES — Ducommun Inc. said stretchouts, rather than outright defunding, are a more likely result of the U.S. federal budget sequestration, although the company is taking a wait-and-see approach.
The Los Angeles-based manufacturer of aerospace, defense and industrial products believes the fallout from the current taxation and spending impasse between Congress and the Obama administration "will play out over the next several months," and it’s "too early for us to discern any potential impact on our defense business going forward," chairman, president and chief executive officer Anthony J. Reardon said during a March 4 conference call with securities analysts to discuss the company’s fourth-quarter and full-year earnings.....
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