Ducommun’s Grand Re-Opening – Guaymas, Mexico Operations

Rhea-AI Summary

Ducommun Incorporated (NYSE: DCO) has celebrated the grand re-opening of its new 70,000 sq. ft. facility in Guaymas, Mexico, alongside an additional 45,000 sq. ft. building. This expansion aims to enhance production capabilities for its VersaCore Composite™ technology and other aerospace components. The event was attended by key partners including Boeing. Chairman Stephen G. Oswald emphasized that this move will drive revenue and earnings growth, supporting Ducommun's commitment to delivering high-quality products to the aerospace and defense sectors.

Positive

• Grand re-opening of a new 70,000 sq. ft. facility and an additional 45,000 sq. ft. building in Guaymas, Mexico.
• Enhanced production capabilities for VersaCore Composite™ technology and other aerospace components.
• Positive feedback from key customers, indicating opportunities for partnership expansion.
• Expected revenue and earnings growth from expanded operations, contributing to a competitive advantage.

Negative

• None.

SANTA ANA, Calif., Oct. 18, 2022 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE: DCO), a global supplier of innovative electronic and structural products and solutions for the aerospace and defense industry, is proud to announce the grand re-opening of its new Guaymas, Mexico facility. A ribbon-cutting ceremony was held on Oct 13, 2022, which was attended by valued employees and legacy customers, including The Boeing Company and Middle River Aerostructure Systems, a division of ST Engineering North America, the U.S. affiliate of Singapore-based ST Engineering.

The re-opening included the celebration of a newly built 70,000 sq. ft. facility along with an additional 45,000 sq. ft. building, both to support production of Ducommun’s VersaCore Composite™ technology, composite/metal bond flight controls, electronic wire harnesses and aerostructures manufacturing.

“I’m quite impressed with what I see today and excited about the opportunities to continue and expand our partnership with Ducommun,” said Richard Wehmer, general manager and senior vice president of Middle River Aerostructure Systems.

Ducommun’s expanded operations in Mexico will allow the company to continue its successful legacy of providing the highest level of product and process quality, while delivering maximum competitive value to its OEM customers.

“I’m excited about the re-opening and also expansion of our operation in Mexico. This will be a high leverage point to further enable revenue and earnings growth by providing the highest value and quality products to the Aerospace and Defense industry,” said Stephen G. Oswald, Ducommun’s chairman, president and chief executive officer.

About Ducommun Incorporated

Ducommun Incorporated delivers value-added, innovative manufacturing solutions to customers in the aerospace, defense and industrial markets. Founded in 1849, the company specializes in two core areas – Electronic Systems and Structural Solutions – to produce complex products and components for commercial aircraft platforms, mission-critical military and space programs, and sophisticated industrial applications. For more information, visit Ducommun.com.

Forward Looking Statements

This press release includes "forward looking statements" within the meaning of the of the federal securities laws relating to Ducommun Incorporated as discussed above, including statements relating to Ducommun’s expectations relating to potential revenue and earnings growth supported by the opening of its new facilities in Guaymas, Mexico and similar expressions that concern Ducommun’s intentions or beliefs about future occurrences, expectations, or results. Forward looking statements are subject to risks, uncertainties and other factors that may change over time and may cause actual results to differ materially from those that are expected. It is very difficult to predict the effect of known factors, and Ducommun cannot anticipate all factors that could affect actual results that may be important to an investor. All forward-looking information should be evaluated in the context of these risks, uncertainties and other factors, including those factors disclosed under “Risk Factors” in our reports filed with the SEC, including our Quarterly Reports on Form 10-Q, our Annual Reports on Form 10-K, and our Current Reports on Form 8-K. The forward looking statements included in this press release are made only as of the date of this press release, and Ducommun does not undertake any obligation to (and expressly disclaims any such obligation to) update the forward looking statements to reflect subsequent events or circumstances.

CONTACTS:

Suman Mookerji, Vice President, Corporate Development and Investor Relations, 657.335.3665

FAQ

What is the significance of Ducommun's new facility in Guaymas, Mexico?

The new facility represents a significant expansion in production capacity for Ducommun, enhancing its ability to deliver quality aerospace components, which is expected to drive revenue and earnings growth.

Who attended the ribbon-cutting ceremony for the Guaymas facility?

The ceremony was attended by valued employees and legacy customers, including representatives from Boeing and Middle River Aerostructure Systems.

What products will Ducommun focus on with the new facility?

Ducommun will focus on producing VersaCore Composite™ technology, composite/metal bond flight controls, electronic wire harnesses, and aerostructures manufacturing.

When was the ribbon-cutting ceremony for the new facility held?

The ribbon-cutting ceremony for the new facility was held on October 13, 2022.