Ducommun has received a contract worth more than $35 million to produce electronic assemblies for Lockheed Martin PAC-3 missiles, the Costa Mesa-based aerospace and defense firm said Tuesday.
The award builds on Ducommun’s existing PAC-3 missile franchise with assemblies being produced at the company’s engineering and manufacturing performance center in Tulsa, Okla.
“We are honored to support our allies and the warfighter and this follow-on award further supports the growth of our defense business as we execute our VISION 2027 Strategy,” CEO Stephen Oswald said in a statement today. “We remain focused on flawless execution, delivering for our customers and driving long-term value for shareholders.”
The contract was awarded by Simmonds Precision Products (NYSE: DCO), (NYSE: LMT).