Ducommun wins contract from boeing for trident missile navigation
system
Los angeles--(business wire)--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.” 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. 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.
DCO Ratings Summary
DCO Quant Ranking
You've reached your free article limit.
Want To Read More Articles?
See what it all means for your stocks with premium tools
Stockprices is a weekly video covering what moved markets
this week, featuring a panel of Stockprices editors. It is published by the
close of trading on Fridays. Hosted by Nathaniel E. Baker, contributing editor,
and featuring: Aaron Task, VP Contributor Content and co-host Stockprices's Alpha
Trader podcast; Brad Olesen, VP News; Steve Alpher, Managing Editor News, co-host
Alpha Trader.
Unsubscribe From All
You successfully activated
“Only Essentials”
Confirm Upgrade
Your subscription will be moved to the annual plan. Service will automatically renew unless cancelled. No Refunds. Click upgrade to confirm.
Stockprices uses Plaid to connect you account
Connect effortlessly
Plaid lets you securely connect your financial accounts in seconds
Your data belongs to you
Plaid doesn't sell personal info, and will only use it with your permission