Ducommun Announces Award of TOW Missile Order from Raytheon Missiles and Defense for Guaymas, Mexico

Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”), a global supplier of innovative electronic and structural solutions for the aerospace & defense industry, is proud to announce the receipt of a major award totaling over $12M in revenue for Raytheon’s TOW missile system. This award represents the first order for this legacy program that will now be produced at the Company’s world-class engineering and manufacturing performance center in Guaymas, Mexico with the previous production location being at Ducommun’s Monrovia, California facility.

“We are thrilled to continue to earn the trust and confidence of Raytheon and welcome the opportunity to support the needs of our nation and the warfighter. As mentioned on previous earning calls, the TOW program demand for Ducommun had a pause over the past year due to the timing of orders but our value proposition for this program is world class and we had high confidence the customer would come back for additional orders and support. This is also another important milestone for us as we continue to execute on our Vision 2027 strategy which includes transferring meaningful work to our low-cost, high productivity operation in Guaymas, Mexico,” said Stephen G. Oswald, chairman, president, and chief executive officer. “Raytheon continues to treat us as a true partner, which we very much appreciate and as always remain relentless in our pursuit of building value for our customers and shareholders."

Ducommun currently provides Raytheon with electronics, controllers, circuit card assemblies, harness cable assemblies and structural products on both legacy and emerging programs.