Ducommun Incorporated Announces Award of Major Defense Orders for Raytheon Radar Systems
SANTA ANA, CA – Ducommun Incorporated, a global supplier of innovative electronic and structural solutions for the aerospace & defense industry, is proud to announce two major awards totaling over $50M in revenue for the Raytheon SPY-6 family of radar systems. These two awards represent a $25M follow on order for one circuit card assembly already in production, along with another $25M order for one circuit card assembly that will be brand new production for DCO. All cards will be produced at Ducommun’s world-class engineering and manufacturing performance center for circuit cards assemblies in Tulsa, Oklahoma.
“We are thrilled to have earned the trust of Raytheon on this most critical Navy radar system as we continue to build out this part of our defense business by supporting off-loading from our strategic defense customers. This is a very important initiative for us and one I have been talking about with shareholders on our quarterly earning calls. We are also now moving more and more into radar systems for defense, which complements our already significant circuit card assemblies’ franchise for missiles, such as MIR and the family of Standard Missiles” said Stephen G. Oswald, chairman, president, and chief executive officer. “Raytheon has treated us as a true partner, given us many opportunities and we are committed to continue delivering value for them and their customers.”
With the addition of these two new major awards, the Company’s backlog continues to break all-time high records at over $1B, which benefits shareholders for years to come. Ducommun currently provides Raytheon with electronics, circuit card assemblies, harness cable assemblies, and structural products on both legacy and emerging programs.
