Ducommun announces award of TOW missile order to Raytheon

Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”), a global provider of innovative electronic and structural solutions for the aerospace and defense industry, is proud to announce the receipt of an award major totaling more than $12 million in revenue. for Raytheon’s TOW missile system. This award represents the first order for this existing program which will now be produced at the company’s world-class engineering and manufacturing performance center in Guaymas, Mexico, with the former production site at the Ducommun factory in Monrovia, California.

“We are excited to continue to earn the trust of Raytheon and welcome the opportunity to meet the needs of our nation and the warfighter. As mentioned in previous earnings calls, demand for the TOW program for Ducommun has seen a pause over the past year due to order timing, but our value proposition for this program is world-class and we were confident that the customer would come back for additional orders and support. This is also another important step for us as we continue to implement our Vision 2027 strategy, which includes the transfer of significant tasks to our low-cost, high-productivity operation in Guaymas, Mexico,” said Stephen G. Oswald, Chairman, President and CEO. executive director. “Raytheon continues to treat us as a true partner, which we greatly appreciate, and as always, we remain relentless in our pursuit of creating value for our customers and shareholders. »

Ducommun currently supplies Raytheon with electronic components, controllers, printed circuit board assemblies, harness cable assemblies and structural products for existing and emerging programs.