Ducommun Awarded $7.3 Million in Contracts from Raytheon for Tomahawk Cruise Missile
February 19 2015 - 7:00AM
Business Wire
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.
Ducommun IncorporatedJoseph P. Bellino, Vice President and Chief
Financial Officer310.513.7211orChris Witty, Investor
Relations646.438.9385cwitty@darrowir.com
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