Ducommun Receives Contract From Raytheon For TOW Missiles
Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”) has
received a follow-on award from Raytheon Company (NYSE: RTN) to continue
providing complex wiring harnesses and printed circuit card...
Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”) has received a follow-on award from Raytheon Company (NYSE: RTN) to continue providing complex wiring harnesses and printed circuit card assemblies for the TOW (tube-launched, optically-tracked, wireless-guided) weapon system. The contract extends the Company’s support of the program through 2014, with production taking place at Ducommun’s facilities in Berryville, Ark. and Tulsa, Okla. "We’re very proud to support this enduring program and provide our troops with the ruggedized electronics behind Raytheon’s next-generation TOW weapon system," said Anthony J. Reardon, chairman and chief executive officer of Ducommun. “We have a longstanding relationship with Raytheon on the TOW program and look forward to serving them for many years to come.” The TOW weapon system 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 used by more than 40 international armed forces worldwide and integrated into over 15,000 ground, vehicle and helicopter platforms. December, 2012 marked the 50th anniversary of the TOW Missile Program, with more than 650,000 missiles produced. The TOW weapon system is expected to be in service with the U.S. military beyond 2025. About Ducommun Incorporated Founded in 1849, Ducommun Incorporated provides engineering and manufacturing services to the aerospace, defense, and other industries through a wide spectrum of electronic and structural applications. The company is an established supplier of critical components and assemblies for commercial aircraft and military and space vehicles as well as for the energy market, medical field, and industrial automation. It operates through two primary business units – Ducommun AeroStructures (DAS) and Ducommun LaBarge Technologies (DLT). Additional information can be found at www.ducommun.com. Statements contained in this press release regarding other than recitation of historical facts are forward-looking statements. These statements are identified by words such as “may,” “will,” “begin,” “look forward,” “expect,” “believe,” “intend,” “anticipate,” “should,” “potential,” “estimate,” “continue,” “momentum” and other words referring to events to occur in the future. These statements reflect the Company’s current view of future events and are based on its assessment of, and are subject to, a variety of risks and uncertainties beyond its control, including, but not limited to, the state of the world financial, credit, commodities and stock markets, and uncertainties regarding the Company, its businesses and the industries in which it operates, which are described in the Company’s filings with the Securities and Exchange Commission. The Company is under no obligation to (and expressly disclaims any such obligation to) update or alter its forward-looking statements whether as a result of new information, future events or otherwise.