Aircraft programs expected to hurt Ducommun’s income
Feb 18, 2014 | 11:47 AM
| 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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