Ducommun Announces $102 M Radar System Agreement(Los Angeles, California, December 10, 2008) -- Ducommun Incorporated (NYSE: DCO) today announced that its Ducommun Technologies, Inc. (DTI) subsidiary has been awarded a multi-year agreement from The Raytheon Company with a total potential value exceeding $102 million.
The contract is for the manufacture and sub-system integration of radar racks and electromechanical enclosures for the active electronically scanned array radar system (APG-79) used on the F/A-18 E/F Super Hornet aircraft and the Radar Modernization Program (RMP) for the F- 15E aircraft. This agreement is for the period of performance through 2020. The manufacture and sub-system integration work will be performed at DTI's Phoenix, Arizona Integrated Electrical Sub-Assembly center of excellence.
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Joseph C. Berenato, chairman and chief executive officer of Ducommun, stated, "We are very pleased by the award of this long-term agreement which demonstrates our customer's confidence in DTI's capability to manufacture and integrate this very complex assembly. We are very proud to be a part of the APG-79 program which is central to our strategy of driving internal growth through programs which combine our mechanical assembly, electronic assembly, integration and testing capabilities."
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Source : Ducommun Incorporated