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

Core Points - Ducommun Incorporated has received a major award exceeding $12 million for Raytheon's TOW missile system, marking the first order for this legacy program to be produced in Guaymas, Mexico [1] - The company provides Raytheon with various electronic and structural products, including electronics, controllers, circuit card assemblies, and harness cable assemblies [2] - Ducommun specializes in Electronic Systems and Structural Systems, delivering complex products for aerospace, defense, and industrial markets since its founding in 1849 [3] Company Strategy - The company aims to execute its Vision 2027 strategy, which includes transferring significant work to its cost-effective and high-productivity facility in Guaymas, Mexico [6] - Ducommun's leadership expresses confidence in the demand for the TOW program, indicating a previous pause in orders but a strong value proposition that is expected to attract further orders [6] Industry Context - RTX Corporation, the parent company of Raytheon, is the largest aerospace and defense company globally, employing over 185,000 people and focusing on advanced technology and integrated defense systems [4]