Ducommun Incorporated Earns Northrop Grumman Missions Systems’ Platinum Supplier Designation
SANTA ANA, Calif., May 13, 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 that it has earned
the Northrop Grumman Mission Systems (“NGMS”) Platinum Supplier
Designation. The designation recognizes Ducommun’s continuous high level
of quality and on-time delivery performance in providing micro power
supplies to ground-based radar systems used to eliminate missile threats to
the warfighter. The micro power supplies are produced at Ducommun’s
world-class circuit card assembly engineering and manufacturing performance
center in Tulsa, Oklahoma.
“We are thrilled to have met and exceeded quality and delivery requirements for this strategic program by providing the highest level of value for Northrop Grumman Mission’s Systems along with continuing to build out our radar business for Ducommun’s defense customers. This designation is another step forward in our developing relationship with Northrup Grumman for new applications along with off-loading opportunities in the future. Our Tulsa business now moves more and more into radar systems, complementing its already significant circuit card assembly business for missiles” said Stephen G. Oswald, chairman, president, and chief executive officer.
“The other great news is this is our third OEM Customer award over the past the past six weeks with the other two being the 2023 Supplier of the Year from Gulfstream and the 2023 Elite Supplier Award from Lockheed Martin. Again, this proves that everyone here at Ducommun is focused and relentless on quality, on-time delivery, providing significant value to all stakeholders and achieving the Vision 2027 goals”.
With the Platinum Supplier Designation, the Company is well positioned to competitively win as a top value provider and further support off-loading from its strategic defense customers, which is expected to benefit shareholders for years to come. Ducommun currently provides NGMS with leading defense products on both legacy and emerging programs.
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.
About NGMS
Northrop Grumman Mission Systems is a
trusted provider of mission-enabling solutions for global security. We have
a wide portfolio of secure, affordable, integrated, and multi-domain
systems and technologies. Our differentiated battle management and cyber
solutions deliver timely, mission-enabling information and provide superior
situational awareness and understanding to protect the U.S. and its global
allies.
Forward-Looking Statements
This
press release includes "forward looking statements" within the meaning of
the of the federal securities laws relating to Ducommun Incorporated,
including statements relating to Ducommun’s expectations pertaining to
opportunities under agreements with its key customers, its backlog and its
benefit to shareholders, 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 SEC, including the
Company’s Quarterly Reports on Form 10-Q, Annual Reports on Form 10-K,
Current Reports on Form 8-K and its other filings with the SEC. 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.
MEDIA CONTACTS:
Suman
Mookerji, Senior Vice President, Chief Financial Officer, 657.335.3665
SMookerji@ducommun.com