TUCSON, Ariz., July 30, 2019 /PRNewswire/ -- Raytheon
Company's (NYSE: RTN) Missile Systems business has signed a new
strategic supplier agreement with Ducommun (NYSE: DCO). The new
initiative gives Ducommun the ability to engage in more
opportunities on virtually every program within the RMS
portfolio.
"This agreement enables Ducommun to expand on the work it has
done with us for more than three decades, and could help foster
even more competition within our supply base," said Eugene Jaramillo, Raytheon Missile Systems vice
president of Global Supply Chain Management.
Raytheon Missile Systems spends approximately $4 billion annually with suppliers around the
globe. Ducommun currently provides RMS with electronics,
circuit card assemblies, harnessing cables and more for both core
and emerging programs.
"We see this agreement with Raytheon Missile Systems as an ideal
way for us to grow our business even further with this strategic
customer," said Stephen Oswald,
Ducommun's chairman, president and chief executive officer.
"Raytheon is treating us as a true partner, enabling us to expand
upon our already strong relationship in new and exciting areas, and
we value their support and trust."
Raytheon selected Ducommun Performance Center in Monrovia, California, as a 2019 Raytheon
Supplier Excellence Program Premier Award winner in the partnership
category.
About Ducommun
Ducommun is a global provider of
manufacturing and engineering services, developing innovative
electronic, engineered and structural solutions for complex
applications in aerospace, defense and industrial markets. Our
full-service collaborative approach, broad capabilities and
value-added services like new product introduction, supply chain
strategies and program management deliver value for our customers
and innovative solutions for their complex electronic and
structural needs.
About Raytheon
Raytheon Company, with 2018 sales of
$27 billion and 67,000 employees, is
a technology and innovation leader specializing in defense, civil
government and cybersecurity solutions. With a history of
innovation spanning 97 years, Raytheon provides state-of-the-art
electronics, mission systems integration,
C5I® products and services, sensing, effects and
mission support for customers in more than 80 countries. Raytheon
is headquartered in Waltham,
Massachusetts. Follow us on Twitter.
Media Contact
John
Patterson
+1.520.746.2107
rmspr@raytheon.com
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SOURCE Raytheon Company