Ducommun Incorporated Announces Award of Patriot Conduit Harness Order from Bayern-Chemie GmbH
06 Janeiro 2025 - 8:30AM
Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”), a
global supplier of Engineered Products and niche manufacturing
services for the aerospace and defense industry, is proud to
announce the receipt of a major award for Bayern-Chemie’s Patriot
GEM-T rocket motors. This award represents Ducommun’s first order
with Bayern-Chemie as a new customer for electronic cable
assemblies that will be incorporated into the Patriot GEM-T rocket
motor and will be produced at the Company’s world-class engineering
and manufacturing performance center in Joplin, Missouri.
“We are thrilled to have earned the trust of Bayern-Chemie, a
new customer for Ducommun, and welcome the opportunity to support
the needs of our Allies and the warfighter. This is also yet
another important milestone for us as we continue to build out our
defense business and execute our VISION 2027 Strategy,” said
Stephen G. Oswald, chairman, president, and chief executive
officer. “Bayern-Chemie is a great partner and we are committed to
deliver value to them, their customers and our shareholders.”
With the addition of this new major award, the Company’s backlog
remains at over $1B, which is expected to benefit shareholders for
years to come.
About Bayern-Chemie GmbH:
Bayern-Chemie is a wholly owned subsidiary of MBDA and is a
world leader in guided missile and space propulsion technology.
Bayern-Chemie has more than 60 years of experience in the
development and production of variable speed ramjet propulsion
systems, high-performance rocket propulsion systems with single and
multiple pulse technology, variable speed propulsion systems using
gelled propellants and gas generators. We employ approximately 250
people, combining the innovation, strength, flexibility and quick
reaction times of a medium-sized business with the clout,
professionalism and sustainability of a globally networked group of
companies, which makes us a trustworthy and competent partner for
tomorrow’s propulsion systems today.
About Ducommun Incorporated:
Ducommun Incorporated delivers value-added innovative
manufacturing solutions to customers in the aerospace, defense and
industrial markets. Founded in 1849, the company specializes in two
core areas – Electronic Systems and Structural Systems – to produce
complex products and components for commercial aircraft platforms,
mission-critical military and space programs, and sophisticated
industrial applications. For more information, visit
ducommun.com.
Forward Looking Statements
This press release includes “forward looking statements” within
the meaning of the federal securities laws relating to Ducommun
Incorporated, including in particular, statements relating to
Ducommun’s expectations pertaining to its relationships with key
customers, the execution of its VISION 2027 Strategy and similar
expressions that concern Ducommun’s intentions or beliefs about
future occurrences, expectations, or results. Forward looking
statements are subject to risks, uncertainties and other factors
that may change over time and may cause actual results to differ
materially from those that are expected. It is very difficult to
predict the effect of known factors, and Ducommun cannot anticipate
all factors that could affect actual results that may be important
to an investor. All forward-looking information should be evaluated
in the context of these risks, uncertainties and other factors,
including those factors disclosed under “Risk Factors” in our
reports filed with the Securities and Exchange Commission,
including the Company’s Quarterly Reports on Form 10-Q, Annual
Reports on Form 10-K, and Current Reports on Form 8-K. The
forward-looking statements included in this press release are made
only as of the date of this press release, and Ducommun does not
undertake any obligation to (and expressly disclaims any such
obligation to) update the forward-looking statements to reflect
subsequent events or circumstances.
CONTACTS:
Suman Mookerji, Senior Vice President, Chief Financial Officer,
657.335.3665
Ducommun (NYSE:DCO)
Gráfico Histórico do Ativo
De Dez 2024 até Jan 2025
Ducommun (NYSE:DCO)
Gráfico Histórico do Ativo
De Jan 2024 até Jan 2025