Ducommun Inc (DCO) News

DCO new 52 hi

Ducommun Awarded $7.3-Million in-Contracts from Raytheon for Tomahawk-Cruise-Missile

Last update: 19/02/2015 7:00:00 am

LOS ANGELES--(BUSINESS WIRE)--February 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.

CONTACT: 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

SOURCE: Ducommun Incorporated
Copyright Business Wire 2015


(END) Dow Jones Newswires

February 19, 2015 07:00 ET (12:00 GMT)

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Ducommun Incorporated (Ducommun), through its subsidiaries, designs, engineers and manufactures aerostructure and electromechanical components and subassemblies, and provides engineering, technical and program management services principally for the aerospace industry. The components, assemblies and services are provided principally for domestic and foreign commercial and military aircraft, helicopter, missile and space programs. Ducommun operates in two business segments: Ducommun AeroStructures, Inc. (DAS), which engineers and manufactures aerospace structural components and subassemblies, and Ducommun Technologies, Inc. (DTI), which designs, engineers and manufactures electromechanical components and subassemblies, and provides engineering, technical and program management services (including design, development, integration and test of prototype products) principally for the aerospace and military markets. In June 2011, it acquired LaBarge, Inc.

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