Ducommun Incorporated (NYSE:DCO) has received $15 million in follow-on contracts from Raytheon (NYSE: RTN) to continue producing a variety of interconnect and electronic assemblies for the U.S. Navy's Tomahawk cruise missile. The awards extend Ducommun’s work on the program through 2015; Ducommun LaBarge Technologies is a Raytheon preferred supplier and recipient of Raytheon's Six Sigma Relationship Award as well as the prestigious Leadership Excellence Award.
"Ducommun is very pleased to continue supporting one of the Navy's most sophisticated weapons by providing our electronics manufacturing expertise to Raytheon on the Tomahawk Block IV," said Anthony J. Reardon, chairman, president and chief executive officer.
With a range of 1,000 miles, the Tomahawk Block IV is a surface- and submarine-launched, precision-strike, stand-off weapon. Tomahawk cruise missiles can fly into heavily defended airspace and precisely strike high-value targets with minimal collateral damage; in addition, a Tomahawk can loiter, shift course instantly on command, and transmit a picture of its target to controllers halfway around the world.
Source: Ducommun Inc.
Date: Dec 13, 2012