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.
加利福尼亞州聖安娜,2024年4月12日(GLOBE NEWSWIRE)——航空航天和國防行業創新電子和結構解決方案的全球供應商杜科蒙公司(紐約證券交易所代碼:DCO)(“Ducommun” 或 “公司”)自豪地宣佈雷神 SPY-6 系列雷達系統獲得兩個總收入超過5000萬美元的重大獎項。這兩個獎項代表了對一種已經投入生產的電路卡組件的2500萬美元后續訂單,以及另一項價值2500萬美元的訂單,用於購買一套電路卡組件,這將是DCO的全新產品。所有卡將在位於俄克拉荷馬州塔爾薩的杜康世界一流的電路卡組裝工程和製造性能中心生產。
“我們很高興能夠在這一最重要的海軍雷達系統上贏得雷神的信任,因爲我們將繼續通過支持戰略防禦客戶的卸貨來擴展國防業務的這一部分。這對我們來說是一項非常重要的舉措,也是我在季度業績電話會議上與股東討論的舉措。董事長、總裁兼首席執行官斯蒂芬·奧斯瓦爾德說:“我們現在也越來越多地涉足國防雷達系統,這補充了我們本已重要的導彈電路卡組裝特許經營權,例如和平號和標準導彈家族。”“雷神將我們視爲真正的合作伙伴,爲我們提供了許多機會,我們致力於繼續爲他們及其客戶創造價值。”
隨着這兩個新的重大獎項的加入,該公司的待辦事項繼續打破歷史新高,超過10億美元,這將使股東在未來幾年受益。Ducommun 目前爲雷神提供電子產品、電路卡組件、線束電纜組件以及傳統和新興項目的結構產品。