SANTA ANA, Calif., April 12, 2024 (GLOBE NEWSWIRE) — Ducommun Included (NYSE: DCO) (“Ducommun” or the “Firm”), a world provider of modern 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 programs. These two awards signify 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 middle for circuit playing cards assemblies in Tulsa, Oklahoma.
“We’re thrilled to have earned the belief of Raytheon on this most crucial Navy radar system as we proceed to construct out this a part of our protection enterprise by supporting off-loading from our strategic protection prospects. 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 increasingly into radar programs for protection, which enhances our already vital circuit card assemblies’ franchise for missiles, corresponding to MIR and the household of Customary Missiles” mentioned 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 prospects.”
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 come back. Ducommun at present offers 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 modern manufacturing options to prospects 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 business plane platforms, mission-critical navy and house packages, and complex industrial purposes. For extra data, go to Ducommun.com.
About RTX Company
RTX is the world’s largest aerospace and protection firm. With greater than 185,000 international staff, it pushes the bounds of expertise and science to redefine the way it connects and protects our world. Via industry-leading companies – Collins Aerospace, Pratt & Whitney, and Raytheon – it’s advancing aviation, engineering built-in protection programs for operational success, and creating next-generation expertise options and manufacturing to assist international prospects tackle their most crucial challenges.
Ahead-Trying Statements
This press launch consists of “ahead wanting statements” inside the that means of the of the federal securities legal guidelines referring to Ducommun Included, together with statements referring to Ducommun’s expectations pertaining to alternatives below agreements with its key prospects, its backlog and its profit to shareholders, and related expressions that concern Ducommun’s intentions or beliefs about future occurrences, expectations, or outcomes. Ahead wanting statements are topic to dangers, uncertainties and different elements 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 elements, and Ducommun can’t anticipate all elements that might have an effect on precise outcomes that could be vital to an investor. All forward-looking data must be evaluated within the context of those dangers, uncertainties, and different elements, together with these elements disclosed below “Danger 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 wanting statements to replicate subsequent occasions or circumstances.
MEDIA CONTACTS:
Suman Mookerji, Senior Vice President, Chief Monetary Officer, 657.335.3665
[email protected]
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