Aircraft programs expected to hurt Ducommun’s income

Feb 18, 2014 | 11:47 AM | Frank Haflich

Tags  Ducommun, aerospace, Anthony J. Reardon, Embraer, Boeing, Frank Haflich

LOS ANGELES — Ducommun Inc. expects to post pretax program-related charges of $14.1 million for the fourth quarter, partially offset by reduced accrued compensation expenses of $5.3 million, due in part to overaggressive bidding on two aircraft programs.

The Carson, Calif.-based contractor, which is scheduled to release its fourth-quarter and full-year results Feb. 27, said in a statement that the charges are expected to decrease its fourth-quarter net income by $5.3 million.....

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