{"id":750649,"date":"2023-04-25T06:18:08","date_gmt":"2023-04-25T10:18:08","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/ducommun-incorporated-completes-acquisition-of-blr-aerospace\/"},"modified":"2023-04-25T06:18:08","modified_gmt":"2023-04-25T10:18:08","slug":"ducommun-incorporated-completes-acquisition-of-blr-aerospace","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/ducommun-incorporated-completes-acquisition-of-blr-aerospace\/","title":{"rendered":"Ducommun Incorporated Completes Acquisition of BLR Aerospace"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">SANTA ANA, Calif., April  25, 2023  (GLOBE NEWSWIRE) &#8212; Ducommun Incorporated (NYSE:DCO) (\u201cDucommun\u201d or the \u201cCompany\u201d) today announced the completion of its acquisition of BLR Aerospace, LLC (\u201cBLR\u201d) through its subsidiary, Ducommun LaBarge Technologies, Inc. (the \u201cTransaction\u201d).<\/p>\n<p>Ducommun had previously announced the signing of an agreement for the acquisition on March 21, 2023.<\/p>\n<p>\u201cI am pleased that the acquisition has now closed and would like to welcome the BLR team to Ducommun,\u201d said Stephen G. Oswald, chairman, president and chief executive officer of Ducommun Incorporated. \u201cBLR\u2019s product offerings further strengthens our engineered products portfolio at the company and adds as well very important aftermarket business.\u201d<\/p>\n<p>Founded in 1992, BLR is a leading provider of aerodynamic systems that enhance the productivity, performance and safety of rotary- and fixed-wing aircraft on commercial and military platforms. BLR has a rich heritage and proud legacy of aerodynamic leadership that dates back to its origin as Boundary Layer Research and currently offers a comprehensive portfolio of products that includes FastFin<sup>\u00ae<\/sup> systems, winglet systems, propellers and flow modifiers. BLR\u2019s solutions are intended to increase an aircraft\u2019s overall productivity, performance and safety, while fundamentally improving its operating characteristics and expanding the mission set of various aircraft families.<\/p>\n<p>Ducommun financed the acquisition with its existing revolving credit facility.<\/p>\n<p>Advisors<\/p>\n<p>B. Riley Securities, Inc. acted as the exclusive financial advisor to Ducommun on the transaction and Winston &amp; Strawn, LLP served as legal adviser to<br \/>Ducommun.<br \/>Houlihan Lokey Capital, Inc. served as financial adviser to BLR.<\/p>\n<p>About Ducommun Incorporated<\/p>\n<p>Ducommun Incorporated delivers value-added innovative manufacturing products and solutions to customers in the aerospace, defense and industrial markets. Founded in 1849, the Company specializes in two core areas\u2014Electronic Systems and Structural Systems\u2014to produce complex products and components for commercial aircraft platforms, mission-critical military and space programs, and sophisticated industrial applications. For more information, visit <u>ducommun.com<\/u>.<\/p>\n<p>About BLR Aerospace<\/p>\n<p>BLR Aerospace, LLC, headquartered in Everett, Washington, provides performance-enhancing products now on more than 10,000 helicopters and airplanes worldwide and is endorsed by industry-leading OEMs such as Airbus Helicopters, Textron Aviation, Sikorsky Aircraft and Bell Helicopters. For more information, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Xo-xRB9HExkMopCpFu4pQAMFgn4VECAPPBcWSSNoyYafHnto90UKE2aRmTIi97dJ_W-WDx_Bdn__wmiR4wMm_Qt0c3vNjiU0P8jcnQFwaCE=\" rel=\"nofollow noopener\" target=\"_blank\"><u>https:\/\/ww<\/u><u>w<\/u><u>.blraerospace.com\/<\/u><\/a>.<\/p>\n<p>Forward-Looking Statements<\/p>\n<p>This press release includes \u201cforward-looking statements\u201d within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E<br \/>of the Securities Exchange Act of 1934, as amended, relating to the growth and future of BLR, the intended results of BLR\u2019s products, the acquisition being complementary to the Company\u2019s existing portfolio and adding to its aftermarket business. The Company generally use the words \u201cintend,\u201d \u201cbelieve,\u201d \u201cexpect,\u201d and similar expressions in this press release to identify forward-looking statements. These statements are based on assumptions currently believed to be valid, but they involve risks and uncertainties that could cause the Company\u2019s actual results to differ materially from those expressed in the forward-looking statements. Important uncertainties that could cause our actual results to differ from those expressed in the forward-looking statements are identified in the Company\u2019s reports filed with the SEC, including the Company\u2019s 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, except as required by law.<\/p>\n<p>Contacts<\/p>\n<p>Suman Mookerji, Vice President, Corporate Development, Investor Relations, Lightning Diversion Systems &amp; MAGSEAL<br \/>657.335.3665, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=NtW56exhNu5kpGHzlt4ode58J6LHDj5RIjaqyMcMQ5Gr2RCxtLv8WSQbCviVxYAoLUyJBon_lI4SHms0LsYnekbwcw9eQQHFrKuEnS9K1WM=\" rel=\"nofollow noopener\" target=\"_blank\"><u>SMookerji@ducommun.com<\/u><\/a><\/p>\n<p \/>\n      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgyNDU2MCM1NTU0NjUyIzIwMDM4NDQ=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/NDg4OTczNDgtYTdiNy00MWY3LWI1MzAtOWIxZTM2MTI0NDQ5LTEwMTU0MTc=\/tiny\/Ducommun-Incorporated.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SANTA ANA, Calif., April 25, 2023 (GLOBE NEWSWIRE) &#8212; Ducommun Incorporated (NYSE:DCO) (\u201cDucommun\u201d or the \u201cCompany\u201d) today announced the completion of its acquisition of BLR Aerospace, LLC (\u201cBLR\u201d) through its subsidiary, Ducommun LaBarge Technologies, Inc. (the \u201cTransaction\u201d). Ducommun had previously announced the signing of an agreement for the acquisition on March 21, 2023. \u201cI am pleased that the acquisition has now closed and would like to welcome the BLR team to Ducommun,\u201d said Stephen G. Oswald, chairman, president and chief executive officer of Ducommun Incorporated. \u201cBLR\u2019s product offerings further strengthens our engineered products portfolio at the company and adds as well very important aftermarket business.\u201d Founded in 1992, BLR is a leading provider of aerodynamic systems that enhance the productivity, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ducommun-incorporated-completes-acquisition-of-blr-aerospace\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Ducommun Incorporated Completes Acquisition of BLR Aerospace&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-750649","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Ducommun Incorporated Completes Acquisition of BLR Aerospace - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/ducommun-incorporated-completes-acquisition-of-blr-aerospace\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ducommun Incorporated Completes Acquisition of BLR Aerospace - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"SANTA ANA, Calif., April 25, 2023 (GLOBE NEWSWIRE) &#8212; Ducommun Incorporated (NYSE:DCO) (\u201cDucommun\u201d or the \u201cCompany\u201d) today announced the completion of its acquisition of BLR Aerospace, LLC (\u201cBLR\u201d) through its subsidiary, Ducommun LaBarge Technologies, Inc. (the \u201cTransaction\u201d). Ducommun had previously announced the signing of an agreement for the acquisition on March 21, 2023. \u201cI am pleased that the acquisition has now closed and would like to welcome the BLR team to Ducommun,\u201d said Stephen G. Oswald, chairman, president and chief executive officer of Ducommun Incorporated. \u201cBLR\u2019s product offerings further strengthens our engineered products portfolio at the company and adds as well very important aftermarket business.\u201d Founded in 1992, BLR is a leading provider of aerodynamic systems that enhance the productivity, &hellip; Continue reading &quot;Ducommun Incorporated Completes Acquisition of BLR Aerospace&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/ducommun-incorporated-completes-acquisition-of-blr-aerospace\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-25T10:18:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgyNDU2MCM1NTU0NjUyIzIwMDM4NDQ=\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ducommun-incorporated-completes-acquisition-of-blr-aerospace\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ducommun-incorporated-completes-acquisition-of-blr-aerospace\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Ducommun Incorporated Completes Acquisition of BLR Aerospace\",\"datePublished\":\"2023-04-25T10:18:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ducommun-incorporated-completes-acquisition-of-blr-aerospace\\\/\"},\"wordCount\":591,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ducommun-incorporated-completes-acquisition-of-blr-aerospace\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=ODgyNDU2MCM1NTU0NjUyIzIwMDM4NDQ=\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ducommun-incorporated-completes-acquisition-of-blr-aerospace\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/ducommun-incorporated-completes-acquisition-of-blr-aerospace\\\/\",\"name\":\"Ducommun Incorporated Completes Acquisition of BLR Aerospace - 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(the \u201cTransaction\u201d). Ducommun had previously announced the signing of an agreement for the acquisition on March 21, 2023. \u201cI am pleased that the acquisition has now closed and would like to welcome the BLR team to Ducommun,\u201d said Stephen G. Oswald, chairman, president and chief executive officer of Ducommun Incorporated. \u201cBLR\u2019s product offerings further strengthens our engineered products portfolio at the company and adds as well very important aftermarket business.\u201d Founded in 1992, BLR is a leading provider of aerodynamic systems that enhance the productivity, &hellip; Continue reading \"Ducommun Incorporated Completes Acquisition of BLR Aerospace\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/ducommun-incorporated-completes-acquisition-of-blr-aerospace\/","og_site_name":"Market Newsdesk","article_published_time":"2023-04-25T10:18:08+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgyNDU2MCM1NTU0NjUyIzIwMDM4NDQ=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ducommun-incorporated-completes-acquisition-of-blr-aerospace\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ducommun-incorporated-completes-acquisition-of-blr-aerospace\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Ducommun Incorporated Completes Acquisition of BLR Aerospace","datePublished":"2023-04-25T10:18:08+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ducommun-incorporated-completes-acquisition-of-blr-aerospace\/"},"wordCount":591,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ducommun-incorporated-completes-acquisition-of-blr-aerospace\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODgyNDU2MCM1NTU0NjUyIzIwMDM4NDQ=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/ducommun-incorporated-completes-acquisition-of-blr-aerospace\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/ducommun-incorporated-completes-acquisition-of-blr-aerospace\/","name":"Ducommun Incorporated Completes Acquisition of BLR Aerospace - 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