Raytheon Company's (NYSE: RTN) Missile Systems business has signed a new strategic supplier agreement with Ducommun (NYSE: DCO). The new initiative gives Ducommun the ability to engage in more opportunities on virtually every program within the RMS portfolio.
"This agreement enables Ducommun to expand on the work it has done with us for more than three decades, and could help foster even more competition within our supply base," said Eugene Jaramillo, Raytheon Missile Systems vice president of Global Supply Chain Management.
Raytheon Missile Systems spends approximately $4 billion annually with suppliers around the globe. Ducommun currently provides RMS with electronics, circuit card assemblies, harnessing cables and more for both core and emerging programs.
"We see this agreement with Raytheon Missile Systems as an ideal way for us to grow our business even further with this strategic customer," said Stephen Oswald, Ducommun's chairman, president and chief executive officer. "Raytheon is treating us as a true partner, enabling us to expand upon our already strong relationship in new and exciting areas, and we value their support and trust."
Raytheon selected Ducommun Performance Center in Monrovia, California, as a 2019 Raytheon Supplier Excellence Program Premier Award winner in the partnership category.
Source: Raytheon Corporation (NYSE: RTN)
Date: Jul 30, 2019