Ducommun Incorporated named Gold ‘Partner2Win’ Medallion Winner by BAE Systems at its Sixth Annual ‘Partner2Win’ Supplier Symposium
Rhea-AI Summary
Ducommun (NYSE: DCO) has been awarded a Gold 'Partner2Win' medallion at BAE Systems' supplier symposium on November 12, 2024, marking their second consecutive year of recognition. The award acknowledges Ducommun's exceptional performance and commitment to operational excellence in supporting BAE Systems' supply chain with quality and on-time deliveries.
As a global supplier of innovative electronic and structural products for the aerospace and defense industry, Ducommun's contributions have been particularly significant during current global conflicts, helping maintain efficient deliveries to military personnel. The recognition comes through BAE Systems' 'Partner2Win' program, which evaluates suppliers based on operations, quality, and procurement excellence.
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- Received Gold 'Partner2Win' medallion from BAE Systems for the second consecutive year
- Recognition for exceptional performance and operational excellence
- Strong partnership with major defense contractor BAE Systems
- Demonstrated ability to maintain quality and on-time deliveries in demanding conditions
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- None.
News Market Reaction
On the day this news was published, DCO declined 4.41%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
COSTA MESA, Calif., Dec. 09, 2024 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”), a global supplier of value-added innovative electronic and structural products and manufacturing solutions for the aerospace and defense industry, announced today that it received a Gold ‘Partner2Win’ medallion at BAE Systems’ suppler symposium on November 12, 2024, for its exceptional performance and commitment to operational excellence this year. Ducommun’s contributions to supply chain success helped BAE Systems ensure quality, on-time deliveries to customers.
“The current conflicts across the globe have mandated faster deliveries and drives for efficiencies for Soldiers, Sailors, Marines, and Airmen,” said Marc Casseres, vice president of Operations for BAE Systems’ Combat Mission Systems business. “As we continue to ramp, partnering with a supply chain who shares our commitment and passion for the warfighter is table stakes.”
“We are thrilled to be honored for our performance by BAE Systems for the second consecutive year and look forward to many years of growth together as we support our Armed Services and Allies and continue to execute on our VISION 2027 Strategy,” said Stephen G. Oswald, chairman, president and CEO of Ducommun Incorporated.
BAE Systems’ ‘Partner2Win’ program recognizes suppliers for their achievements in operations, quality and procurement. As part of the program, BAE Systems maintains a close relationship with suppliers and creates an environment to share best practices, learnings and innovative solutions to problems. All suppliers awarded this year were recognized for going above and beyond the call of duty to create the highest quality products for our warfighters.
Learn more about BAE Systems Partner2Win Supplier Symposium here.
About BAE Systems:
BAE Systems, Inc. is the U.S. subsidiary of BAE Systems plc, a global defense, aerospace, and security company. We employ nearly 41,000 people across the U.S. and deliver a full range of products and services for air, land, sea and space, as well as advanced electronics, intelligence, security, and IT solutions and support services. Our dedication shows in everything we design, produce, and deliver as we strive to protect our servicemen and women during combat. We push the limits of possibility to provide a critical advantage to our customers where it counts.
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 Systems – 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 federal securities laws relating to Ducommun Incorporated, including in particular, statements relating to Ducommun’s expectations pertaining to its relationships with key customers, the execution of its VISION 2027 Strategy 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 Securities and Exchange Commission, including the Company’s Quarterly Reports on Form 10-Q, Annual Reports on Form 10-K, and 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, Senior Vice President, Chief Financial Officer, 657.335.3665
Laken Kilgore, BAE Systems, 256.689.2073
FAQ
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