Ducommun Incorporated (NYSE: DCO) has received a follow-on award from Raytheon Company (NYSE: RTN) to continue providing complex wiring harnesses for the TOW (tube-launched, optically-tracked, wireless-guided) weapon system. The contract, worth $3.7 million, extends the Company’s support of the program through 2013, with production taking place at the Ducommun LaBarge Technologies facility in Berryville, Ark. Recently, Raytheon named this operation its first-ever TOW Supplier of the Year.
"We appreciate this important follow-on contract and are proud of the fact that we have been awarded this supplier distinction, acknowledging our employees’ outstanding performance and commitment to the TOW program," said Anthony J. Reardon, chairmen, president and chief executive officer of Ducommun. "It's our job to find the best manufacturing solutions so that, together, we can deliver a reliable, quality product.”
TOW is a long-range, anti-armor assault weapon system that includes a family of attack missiles and is designed to destroy a broad range of targets – from main battle tanks to reinforced urban fortifications. TOW is currently in service with more than 40 international armed forces and integrated into over 15,000 ground, vehicle and helicopter platforms worldwide. The TOW system has been employed by U.S. forces in every conflict since Vietnam and continues to be used in theater today.
Source: Ducommun Inc.
Date: Nov 8, 2012