Ducommun Incorporated Earns Northrop Grumman Missions Systems’ Platinum Supplier Designation
May 13 2024 - 5:30AM
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 IncorporatedDucommun
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 NGMSNorthrop 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 StatementsThis 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,
657.335.3665SMookerji@ducommun.com
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