Ducommun Incorporated receives Lockheed Martin Aeronautics Elite Supplier Award for 2023
April 23 2024 - 6:30AM
Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the
“Company”), a global supplier of innovative electronic and
structural solutions for the aerospace & defense industry,
today announced that it has been recognized as part of an elite
group of top performing suppliers by Lockheed Martin Aeronautics
(NYSE:LMT) for 2023 as a recipient of the Elite Supplier Award.
The recognition is based on Ducommun having achieved outstanding
performance levels in quality and delivery throughout 2023 and with
the 2023 Gulfstream Supplier of the Year honor, which was also
awarded to DCO in April, is the second significant customer
recognition for delivering exceptional performance and value in all
areas. The Elite Supplier Award recognized the efforts of the
Company’s world-class engineering and manufacturing performance
center in Joplin, Missouri, which provides up to 90 different
components, including harness assemblies for the center and wing
fuel tanks, directly and indirectly to Lockheed Martin Aeronautics
for the F-35 platform and these are utilized across all three
variants of the aircraft.
“We are thrilled and honored to be selected for the Elite
Supplier Award by Lockheed Martin as we work together to keep our
nation and allies safe. This is yet another significant recognition
of our Company and team members, who are committed and relentless
in the pursuit of excellence in quality and on-time delivery and
value creation. DCO has been and continues to be 100% committed to
the A&D markets and to be recognized by LMT, the world’s
largest defense company, is a major accomplishment,” said Stephen
G. Oswald, chairman, president and CEO of Ducommun
Incorporated.
Lockheed Martin’s customers demand – and deserve – the highest
levels of quality to safely achieve their missions. Quality
performance is required at every level of the global supply chain.
It requires partners who can harness innovation and remain agile to
deliver competitive advantage in both cost and quality. To be
recognized as an Elite Supplier Award recipient is an outstanding
achievement by Ducommun and a fitting testament to the hard work,
dedication, and commitment of a highly professional team.
Ducommun has been supplying F-35 harnesses to a global customer
base for many years, supporting a broad range of major commercial
and military aerospace programs.
About Ducommun IncorporatedDucommun
Incorporated delivers value-added innovative manufacturing
solutions to customers in the aerospace, defense, and industrial
markets. Founded in 1849, the company specializes in two core areas
– Electronic Systems and Structural Systems – to produce complex
products and components for commercial aircraft platforms,
mission-critical military and space programs, and sophisticated
industrial applications. For more information, visit
Ducommun.com.
About Lockheed MartinLockheed Martin is a
global defense technology company driving innovation and advancing
scientific discovery. Our all-domain mission solutions and 21st
Century Security® vision accelerate the delivery of transformative
technologies to ensure those we serve always stay ahead of ready.
More information at Lockheedmartin.com.
Forward-Looking StatementsThis press release
includes "forward looking statements" within the meaning of the of
the federal securities laws relating to Ducommun Incorporated,
including statements relating to Ducommun’s expectations pertaining
to its relationships with key customers and similar expressions
that concern Ducommun’s intentions or beliefs about future
occurrences, expectations, or results. Forward looking statements
are subject to risks, uncertainties and other factors that may
change over time and may cause actual results to differ materially
from those that are expected. It is very difficult to predict the
effect of known factors, and Ducommun cannot anticipate all factors
that could affect actual results that may be important to an
investor. All forward-looking information should be evaluated in
the context of these risks, uncertainties, and other factors,
including those factors disclosed under “Risk Factors” in our
reports filed with the SEC, including the Company’s Quarterly
Reports on Form 10-Q, Annual Reports on Form 10-K, Current Reports
on Form 8-K and its other filings with the SEC. The forward-looking
statements included in this press release are made only as of the
date of this press release, and Ducommun does not undertake any
obligation to (and expressly disclaims any such obligation to)
update the forward looking statements to reflect subsequent events
or circumstances.
MEDIA CONTACTS:Suman Mookerji, Senior Vice
President, Chief Financial Officer,
657.335.3665SMookerji@ducommun.com
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