LOS ANGELES--(BUSINESS WIRE)--Feb. 19, 2015--
Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”) has
received contracts valued, in aggregate, at approximately $7.3 million
from Raytheon (NYSE: RTN) to continue producing a variety of
interconnect and electronic assemblies for the U.S. Navy's Tomahawk
cruise missile through 2016. The Company manufactures the assemblies at
its Joplin, Mo., and Berryville and Huntsville, Ark., facilities.
Ducommun is a Raytheon Principal supplier and a recipient of Raytheon's
Six Sigma Relationship Award as well as the prestigious Leadership
Excellence Award.
"Ducommun is honored to continue providing support for the Tomahawk
program going forward,” said Anthony J. Reardon, chairman and chief
executive officer. “The cruise missile’s outstanding reliability and
effectiveness validate its premier status in the Navy’s arsenal of smart
weapons. Raytheon’s longstanding confidence in Ducommun’s capabilities
means a great deal to us, and we are committed to being a leading
supplier partner on the Tomahawk Block IV."
The Tomahawk can be launched from a ship or submarine and can fly into
heavily defended airspace more than 1,000 miles away to conduct precise
strikes on high-value targets with minimal collateral damage; more than
2,000 Tomahawks have been employed in combat to date.
About Ducommun Incorporated
Founded in 1849, Ducommun Incorporated provides engineering and
manufacturing services to the aerospace, defense, and other industries
through a wide spectrum of electronic and structural applications. The
company is an established supplier of critical components and assemblies
for commercial aircraft and military and space vehicles as well as for
the energy market, medical field, and industrial automation. It operates
through two primary business units – Ducommun AeroStructures (DAS) and
Ducommun LaBarge Technologies (DLT). Additional information can be found
at www.ducommun.com.
Statements contained in this press release regarding other than
recitation of historical facts are forward-looking statements. These
statements are identified by words such as “may,” “will,” “ begin,” “
look forward,” “expect,” “believe,” “intend,” “anticipate,” “should”,
“potential,” “estimate,” “continue,” “momentum” and other words
referring to events to occur in the future. These statements reflect the
Company’s current view of future events and are based on its assessment
of, and are subject to, a variety of risks and uncertainties beyond its
control, including, but not limited to, the state of the world
financial, credit, commodities and stock markets, and uncertainties
regarding the Company, its businesses and the industries in which it
operates, which are described in the Company’s filings with the
Securities and Exchange Commission. The Company is under no obligation
to (and expressly disclaims any such obligation to) update or alter its
forward-looking statements whether as a result of new information,
future events or otherwise.
Source: Ducommun Incorporated
Ducommun Incorporated
Joseph P. Bellino, Vice President and Chief
Financial Officer
310.513.7211
or
Chris Witty, Investor
Relations
646.438.9385
cwitty@darrowir.com