Growing commercial aircraft requirements are boosting the
outlook for aerospace supply chain manufacturer Ducommun
"Ducommun and the
entire industry is benefiting from ongoing robust commercial
aerospace demand," chairman, president and chief executive
officer Anthony J. Reardon said during a quarterly earnings
call Aug. 5.
Ducommun sees "no letup in demand" in commercial aircraft,
particularly for Chicago-based Boeing Co.s 737, 777
aircraft and the 787 Dreamliner, its most popular programs,
Joseph P. Bellino, the
companys chief financial officer, vice president and
treasurer, said "were now enjoying the higher rates" for
the 787 and 777, along with the 737, while programs of European
aircraft builder Airbus SAS are bringing "incremental
commercial aircraft business grew 25 percent from the year-ago
period and represented 20 percent of the companys total
revenue, according to Reardon, who is also acting president of
the companys Ducommun AeroStructures segment.
Ducommuns second-quarter corporate net income was
relatively flat compared with the same period last year,
operating income for Ducommun AeroStructures, which accounts
for the parent companys airframe manufacturing
activities, was up 25.5 percent to $9.5 million on sales that
gained 9.2 percent to almost $84 million.
The business and
regional aircraft markets remain soft, while commercial
helicopter shipments have pulled back after hitting a record in
2012, Reardon said.
Ducommun signed an
agreement during the quarter with Alenia Aermacchi SpA, a unit
of Italys Finmeccanica SpA, to produce various fuselage
skins for the Airbus A321 aircraft (
amm.com, May 29). This was Ducommuns first
contract for a single-aisle Airbus aircraft, Reardon said,
noting that the company looks to expand sales across
Airbus A320 family. Ducommum already supplies the Airbus
A380 jumbo and A350 twin-aisle programs.