“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 at Ducommun Incorporated. “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 $1 billion, 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.
