SANTA ANA, Calif., April 12, 2024 (GLOBE NEWSWIRE) — Ducommun Integrated (NYSE: DCO) (“Ducommun” or the “Firm”), a world provider of revolutionary 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 comply with on order for one circuit card meeting already in manufacturing, together with one other $25M order for one circuit card meeting that might be model new manufacturing for DCO. All playing cards might 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. It is a crucial initiative for us and one I’ve been speaking about with shareholders on our quarterly incomes calls. We’re additionally now shifting increasingly more into radar methods for protection, which enhances our already vital circuit card assemblies’ franchise for missiles, akin to MIR and the household of Commonplace Missiles” mentioned Stephen G. Oswald, chairman, president, and chief govt officer. “Raytheon has handled us as a real accomplice, 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 information at over $1B, which advantages shareholders for years to return. Ducommun at present gives Raytheon with electronics, circuit card assemblies, harness cable assemblies, and structural merchandise on each legacy and rising packages.
About Ducommun Integrated
Ducommun Integrated delivers value-added revolutionary 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 provide advanced merchandise and parts for industrial plane platforms, mission-critical army and area packages, and complex industrial purposes. 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 international workers, it pushes the bounds of know-how and science to redefine the way it connects and protects our world. By means of 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 international clients handle their most important challenges.
Ahead-Trying Statements
This press launch contains “ahead trying statements” throughout the that means of the of the federal securities legal guidelines regarding Ducommun Integrated, together with statements regarding Ducommun’s expectations pertaining to alternatives below agreements with its key clients, its backlog and its profit to shareholders, and related expressions that concern Ducommun’s intentions or beliefs about future occurrences, expectations, or outcomes. Ahead trying statements are topic to dangers, uncertainties and different components which will change over time and should trigger precise outcomes to vary materially from these which might be anticipated. It is vitally tough to foretell the impact of identified components, and Ducommun can’t anticipate all components that might have an effect on precise outcomes which may be vital to an investor. All forward-looking info must be evaluated within the context of those dangers, uncertainties, and different components, together with these components disclosed below “Threat Elements” in our stories filed with the SEC, together with the Firm’s Quarterly Stories on Kind 10-Q, Annual Stories on Kind 10-Ok, Present Stories on Kind 8-Ok 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 replicate subsequent occasions or circumstances.
MEDIA CONTACTS:
Suman Mookerji, Senior Vice President, Chief Monetary Officer, 657.335.3665
SMookerji@ducommun.com
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