Ducommun Wins $35M+ Follow-On Award for PAC-3 Missile Electronics
DCO sits 94% above its 52-week low of $84.76.
Summary
Ducommun secured a follow-on award from Simmonds Precision Products to supply electronic assemblies for Lockheed Martin's PAC-3 missile family, valued at over $35M. Production will occur at the Tulsa, Oklahoma facility, expanding the company's existing PAC-3 franchise. This award reinforces Ducommun's defense backlog and supports its Vision 2027 growth strategy. The deal is modest relative to Ducommun's $2.5B market cap but signals continued momentum in missile programs. Lockheed Martin (LMT) is the end customer, but the direct contract is with Simmonds, making DCO the primary beneficiary.
At the time of this announcement, DCO was trading at $164.50 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $2.5B. The 52-week trading range was $84.76 to $210.39. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.