SANTA ANA, Calif., April 12, 2024 (GLOBE NEWSWIRE) — Ducommun Included (NYSE: DCO) (“Ducommun” or the “Firm”), a world provider of progressive digital and structural options for the aerospace & protection {industry}, is proud to announce two main awards totaling over $50M in income for the Raytheon SPY-6 household of radar methods. These two awards symbolize a $25M observe on order for one circuit card meeting already in manufacturing, together with one other $25M order for one circuit card meeting that will probably be model new manufacturing for DCO. All playing cards will probably be produced at Ducommun’s world-class engineering and manufacturing efficiency heart for circuit playing cards assemblies in Tulsa, Oklahoma.
“We’re thrilled to have earned the belief of Raytheon on this most important Navy radar system as we proceed to construct out this a part of our protection enterprise by supporting off-loading from our strategic protection clients. This can be a crucial initiative for us and one I’ve been speaking about with shareholders on our quarterly incomes calls. We’re additionally now shifting an increasing number of into radar methods for protection, which enhances our already important circuit card assemblies’ franchise for missiles, akin to MIR and the household of Normal Missiles” stated Stephen G. Oswald, chairman, president, and chief govt officer. “Raytheon has handled us as a real companion, given us many alternatives and we’re dedicated to proceed delivering worth for them and their clients.”
With the addition of those two new main awards, the Firm’s backlog continues to interrupt all-time excessive data at over $1B, which advantages shareholders for years to return. Ducommun at present supplies Raytheon with electronics, circuit card assemblies, harness cable assemblies, and structural merchandise on each legacy and rising packages.
About Ducommun Included
Ducommun Included delivers value-added progressive manufacturing options to clients within the aerospace, protection, and industrial markets. Based in 1849, the corporate focuses on two core areas – Digital Programs and Structural Programs – to supply advanced merchandise and parts for industrial plane platforms, mission-critical navy and area packages, and complicated industrial functions. For extra info, go to Ducommun.com.
About RTX Company
RTX is the world’s largest aerospace and protection firm. With greater than 185,000 world workers, it pushes the boundaries of know-how and science to redefine the way it connects and protects our world. By industry-leading companies – Collins Aerospace, Pratt & Whitney, and Raytheon – it’s advancing aviation, engineering built-in protection methods for operational success, and growing next-generation know-how options and manufacturing to assist world clients deal with their most important challenges.
Ahead-Wanting Statements
This press launch contains “ahead trying statements” throughout the that means of the of the federal securities legal guidelines regarding Ducommun Included, together with statements regarding Ducommun’s expectations pertaining to alternatives underneath agreements with its key clients, its backlog and its profit to shareholders, and comparable expressions that concern Ducommun’s intentions or beliefs about future occurrences, expectations, or outcomes. Ahead trying statements are topic to dangers, uncertainties and different elements that will change over time and will trigger precise outcomes to vary materially from these which might be anticipated. It is vitally troublesome to foretell the impact of identified elements, and Ducommun can’t anticipate all elements that would have an effect on precise outcomes that could be necessary to an investor. All forward-looking info needs to be evaluated within the context of those dangers, uncertainties, and different elements, together with these elements disclosed underneath “Threat Components” in our stories filed with the SEC, together with the Firm’s Quarterly Stories on Type 10-Q, Annual Stories on Type 10-Okay, Present Stories on Type 8-Okay and its different filings with the SEC. The forward-looking statements included on this press launch are made solely as of the date of this press launch, and Ducommun doesn’t undertake any obligation to (and expressly disclaims any such obligation to) replace the ahead trying statements to mirror subsequent occasions or circumstances.
MEDIA CONTACTS:
Suman Mookerji, Senior Vice President, Chief Monetary Officer, 657.335.3665
SMookerji@ducommun.com
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