SANTA ANA, Calif., April 12, 2024 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE: DCO) ("Ducommun" or the "Company"), 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.
加利福尼亚州圣安娜,2024年4月12日(GLOBE NEWSWIRE)——航空航天和国防行业创新电子和结构解决方案的全球供应商杜科蒙公司(纽约证券交易所代码:DCO)(“Ducommun” 或 “公司”)自豪地宣布雷神 SPY-6 系列雷达系统获得两个总收入超过5000万美元的重大奖项。这两个奖项代表了对一种已经投入生产的电路卡组件的2500万美元后续订单,以及另一项价值2500万美元的订单,用于购买一套电路卡组件,这将是DCO的全新产品。所有卡将在位于俄克拉荷马州塔尔萨的杜康世界一流的电路卡组装工程和制造性能中心生产。
“我们很高兴能够在这一最重要的海军雷达系统上赢得雷神的信任,因为我们将继续通过支持战略防御客户的卸货来扩展国防业务的这一部分。这对我们来说是一项非常重要的举措,也是我在季度财报电话会议上与股东讨论的举措。董事长、总裁兼首席执行官斯蒂芬·奥斯瓦尔德说:“我们现在也越来越多地涉足国防雷达系统,这补充了我们本已重要的导弹电路卡组装特许经营权,例如和平号和标准导弹家族。”“雷神将我们视为真正的合作伙伴,为我们提供了许多机会,我们致力于继续为他们及其客户创造价值。”
随着这两个新的重大奖项的加入,该公司的待办事项继续打破历史新高,超过10亿美元,这将使股东在未来几年受益。Ducommun 目前为雷神提供电子产品、电路卡组件、线束电缆组件以及传统和新兴项目的结构产品。