Ducommun Wins Contract from Boeing for Trident Missile Navigation System
Ducommun Incorporated (NYSE: DCO) (Ducommun or the “Company”) today announced it has received a multi-year award from the Boeing Company (NYSE: BA) to produce position sensors, also known as resolvers, for the U.S. Navy’s and U.K. Navy's Trident Navigation System (Electrostatically Supported Gyro Navigator) used on U.S. Ohio-class and U.K. Vanguard-class submarines. Ducommun will manufacture the resolvers at its Carson, Calif., operation center through 2017.
“We designed and manufactured the original sensors in the early years of Polaris and Poseidon submarines, so we’re particularly pleased to continue to provide these motion control devices for the Navy’s Trident nuclear submarine fleet,” said Anthony J. Reardon, chairman and chief executive officer. “This work builds upon our relationship with both Boeing and the U.S. Navy, reflecting the reliability of our technology in position sensing and Ducommun’s efforts to continue to grow our military market presence.”
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The Navy's Ohio-class ballistic missile submarines, often referred to as "boomers," are designed specifically for stealth and the precise delivery of warheads. There are currently 18 of these vessels being used by the U.S. and U.K. today.
Source : Ducommun - view original press release
Nov 23 - 24, 2016 - London, United Kingdom