Ducommun, Inc.

Ducommun, Inc.

Ducommun, Inc.

Overview
Date Founded

1970

Headquarters

23301 WILMINGTON AVENUE, CARSON, CA, 907456209

Type of Company

Public

Employees (Worldwide)

2,800

Industries

Aerospace & Defense
Computer Software
Industrial Machinery & Manufacturing
Appliances & Electronics

Company Description

Founded in 1849, Ducommun Incorporated is the oldest company in California. Evolving from a hardware supply store opened by Charles Ducommun in Los Angeles during the California Gold Rush, the company assisted in the birth of the aerospace industry in Southern California by providing aircraft aluminum to companies such as Lockheed. Today, Ducommun is a leading provider of engineering and manufacturing services for high-cost-of-failure applications in diverse markets, including aerospace, defense, industrial, oil-and-gas, mining and medical. Ducommun provides its customers with custom, high-reliability solutions for their electronic and aircraft structure needs. The company draws upon best-in-class processes, a continuous improvement culture and a passionate commitment to excellence to deliver quality in everything it does. Ducommun operates through three business units: Ducommun AeroStructures (DAS) is a manufacturing services company supplying a wide variety of composite and metal bond structures and assemblies, including aircraft wing spoilers, large fuselage skins, helicopter blades, flight control surfaces and engine components, to a global customer base. The company also designs, engineers and manufactures the largest, most complex contoured aluminum, titanium and Inconel® aerostructure components in the aerospace industry today. Ducommun’s integrated processes include stretch-forming, thermal-forming, Ti SPF and hot forming, chemical milling, precision fabrication, machining, and finishing, as well as integrating components into subassemblies. Ducommun AeroStructures serves the full spectrum of commercial and military aerospace end markets, including commercial airliners, regional and business jet aircraft, military aircraft, commercial and military helicopters, satellites and space launch vehicles. The company has operations in California, Kansas, New York and Mexico. Ducommun LaBarge Technologies (DLT) is a leading provider of electronics manufacturing services, including the design and manufacture of complex cable assemblies and interconnect systems, printed circuit board assemblies, and higher-level electronic, electromechanical and mechanical assemblies for diverse, high-reliability applications. Ducommun LaBarge is also a leading supplier of electromechanical illuminated push button switches for the aerospace industry, microwave switches and components for the aerospace and wireless communications industries, and engineering, technical and program management services principally for the aerospace industry. Ducommun LaBarge Technologies serves a variety of end markets, including defense, aerospace, industrial, oil-and-gas, mining and medical. The company has operations in Arizona, Arkansas, California, Missouri, Oklahoma, Pennsylvania, Texas, Wisconsin and Thailand. Ducommun Miltec is an engineering services company engaged in missile and aerospace system design, development, integration, and test. The company proactively leverages the knowledge base, capabilities, talent, and technologies of this focused market into NASA and commercial ventures. Ducommun Miltec's primary customer base consists of the US Army Space and Missile Defense Command (SMDC) and the Aviation and Missile Command (AMCOM), with additional major customers including the Missile and Space Intelligence Center (MSIC), the US Navy, and NASA Marshall Space Flight Center (MSFC). As an integrator, Miltec provides extensive in-house engineering capabilities in all applicable areas related to defense/aerospace systems. These areas include, but are not limited to, systems, aerodynamics, propulsion, guidance-navigation-and control (GNC), lethality/warheads, simulation, avionics, structures, software, IMUs, seeker/sensors, and signal processing. The company has operations in Alabama, Colorado, and Mississippi.

Website
Contact Data
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Executives & Employees

Chairman of the Board, President & Chief Executive Officer

Interim Chief Financial Officer & Interim Treasurer

Vice President & Chief Human Resources Officer

Senior Vice President, Operations & Head of Ducommun Structures

Senior Auditor

Information System Security Manager

Program Manager

Customer Development Manager

Program Manager

Board of Directors

Chairman of the Board, President & Chief Executive Officer at Ducommun, Inc.

Former Vice President & General Manager, Defense & Space Electronics Business at Honeywell International, Inc.

Founder at Aerostar Capital LLC

Former Vice President, Business Controls at United Technologies Corporation

Former Vice President-Product Line Strategy & Innovation at IDEX Corp.

Former Vice President & General Manager, Business & Regional Systems at Rockwell Collins, Inc.

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Owners & Shareholders
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RBC Global Asset Management (RBC GAM) is a North American-based asset manager with global scope and industry-leading management capabilities. RBC GAM group of companies manage CAD $272 billion (US $272B, £169B or €210B) in assets worldwide (as at October 31, 2012). With offices in Canada, the United States, Europe and Asia, RBC GAM provides a comprehensive range of investment solutions and services to both individual and institutional investors.

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Paradigm Capital Management employs a disciplined, bottom-up approach with an emphasis on fundamental analysis and extensive management contact on undervalued small-cap securities. The firm looks for what they believe to be high-quality companies trading at discounts to their assessment of intrinsic value. They strive to achieve this by combining a long-term, high-conviction approach with meticulous, independent research. Paradigm Capital Management conducts disciplined fundamental research to identify mispriced small-cap equities whose short-term pricing does not accurately reflect the true earning potential of the company. The firm offers 6 strategies which are primarily offered to clients as investable products: Micro-Cap, Small-Cap, SMid-Cap, Value, High Net-Worth, and Defensive.

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Teton Advisors, Inc. (OTC Pink: TETAA) is a multi-strategy investment management company, and is the registered investment adviser to six open-end mutual funds under the TETON Westwood brand. We offer our funds and separately managed accounts to individuals and institutions directly and through third party intermediaries. An affiliate of GAMCO Investors, Inc. (NYSE: GBL), Teton Advisors, Inc. shares the fundamental, research-driven investment philosophy of GAMCO Investors, Inc.

Recent Transactions
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Ducommun, Inc. purchases Nobles Worldwide, Inc. from Levine Leichtman Capital Partners, Inc.

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Ducommun, Inc. purchases Certified Thermoplastics Co., Inc.

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Ducommun, Inc. purchases Lightning Diversion Systems LLC from Fidus Investment Advisors LLC, Bratenahl Capital Partners Ltd.

Insider Transactions
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Transaction Advisors
Legal Advisor

Advised onDucommun, Inc. purchases LaBarge, Inc.

Accountant

Advised onDucommun, Inc. purchases Sheet Metal Specialties Co.

Accountant

Advised onDucommun, Inc. purchases Parsons Precision Products, Inc. from Jordan Industries, Inc.

Legal Advisor

Advised onDucommun, Inc. purchases Nobles Worldwide, Inc. from Levine Leichtman Capital Partners, Inc.

Associate

Advised onDucommun, Inc. purchases Nobles Worldwide, Inc. from Levine Leichtman Capital Partners, Inc.

Associate Privacy

Advised onDucommun, Inc. purchases Nobles Worldwide, Inc. from Levine Leichtman Capital Partners, Inc.

Advisors & Consultants
Advisor

Chief Financial Officer, Vice President, Treasurer, Director at Ducommun LaBarge Technologies, Inc. (California)

Advisor

Former President & Chief Operating Officer at Ducommun, Inc.

Clients

Lockheed Martin Corp. operates as a global security and aerospace company, which engages in the research, design, development, manufacture, integration, and sustainment of technology systems, products, and services. It operates through the following business segments: Aeronautics, Missiles and Fire Control (MFC), Rotary and Mission Systems (RMS) and Space. The Aeronautics segment researches, designs, develops, manufactures, integrates, sustains, supports, and upgrades advanced military aircraft, including combat and air mobility aircraft, unmanned air vehicles, and related technologies. The MFC segment provides air and missile defence systems; tactical missiles and air-to-ground precision strike weapon systems; logistics; fire control systems; mission operations support, readiness, engineering support and integration services; manned and unmanned ground vehicles; and energy management solutions. The RMS segment offers design, manufacture, service, and support for a variety of military and commercial helicopters; ship and submarine mission and combat systems; mission systems and sensors for rotary and fixed-wing aircraft; sea and land-based missile defence systems; radar systems; the Littoral Combat Ship; simulation and training services; and unmanned systems and technologies. The Space segment comprises of the research and development, design, engineering and production of satellites, strategic, and defensive missile systems and space transportation systems. The company was founded in 1961 and is headquartered in Bethesda, MD.

The Boeing Co. is an aerospace company, which engages in the manufacture of commercial jetliners and defense, space and security systems. It operates through the following segments: Commercial Airplanes; Defense, Space and Security; Global Services; and Boeing Capital. The Commercial Airplanes segment includes the development, production, and market of commercial jet aircraft and provides fleet support services, principally to the commercial airline industry worldwide. The Defense, Space and Security segment refers to the research, development, production and modification of manned and unmanned military aircraft and weapons systems for global strike, including fighter and combat rotorcraft aircraft and missile systems; global mobility, including tanker, rotorcraft and tilt-rotor aircraft; and airborne surveillance and reconnaissance, including command and control, battle management and airborne anti-submarine aircraft. The Global Services segment provides services to commercial and defense customers. The Boeing Capital segment seeks to ensure that Boeing customers have the financing they need to buy and take delivery of their Boeing product and manages overall financing exposure. The company was founded by William Edward Boeing on July 15, 1916 and is headquartered in Chicago, IL.

Raytheon Co. is engages in the development and manufacture of defense and security solutions. It operates through the following segments: Integrated Defense Systems, Intelligence, Information, and Services (IIS), Missile Systems, Space and Airborne Systems (SAS), and Forcepoint. The Integrated Defense Systems segment offers air and missile defense, large land- and sea-based radar solutions, command, control, communications, computers, cyber and intelligence solutions, and naval combat and ship electronic systems. The IIS segment provides technical and professional services to intelligence, defense, federal and commercial customers. The Missile Systems segment develops, integrates, and produces missile and combat systems for the armed forces of U.S. and allied nations. The SAS segment designs and manufactures sensor and communication systems used in intelligence, surveillance, precision engagement, and aerial operations. The Forcepoint segment provides cyber security products such as insider threat solutions, data loss prevention, firewall technology, cloud and email security, and cross domain transfer. The company was founded by Laurence K. Marshall, Vannevar Bush, and Charles G. Smith on July 7, 1922 and is headquartered in Waltham, MA.

Key Stats and Financials As of 2019
Market Capitalization
$266M
Total Enterprise Value
$885M
Earnings Per Share
$2.75
Revenue
$721M
Enterprise Value Sales
1.23x
Net Profit
$32.5M
Total Equity
$293M
Total Debt
$328M
EBITDA
$88M
EBITDAMargin
12.2%
Enterprise Value EBITDAOperating
9.82x
TEVNet Income
27.25x
Debt TEV
0.37x
Three Year Compounded Annual Growth Rate Of Revenue
9.41%
Five Year Compounded Annual Growth Rate Of Revenue
-0.57%
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