Electronic Systems

Ducommun Incorporated Reports Fourth Quarter 2023 Results

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木曜日, 2月 15, 2024

Acquisition, Ducommun, ASC, Airbus, Electronic Systems, Growth, Adjustment, DCO, GAAP, Webcast, Boeing, BLR, Q&A, Video game

SANTA ANA, Calif., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”) today reported results for its fourth quarter and year ended December 31, 2023.

Key Points:

New All Time Highs for Revenue and Adjusted EBITDA in 2023 of $757 Million and $102 Million, Respectively
SANTA ANA, Calif., Feb. 15, 2024 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”) today reported results for its fourth quarter and year ended December 31, 2023.
The Company had a record year in 2023 and 2024 is shaping up to be another strong year as Ducommun also celebrates its 175th continuous year in business since being founded in 1849.”
Net revenue for the fourth quarter of 2023 was $192.2 million, compared to $188.3 million for the fourth quarter of 2022.
Net income for the fourth quarter of 2023 was $5.1 million, or $0.34 per diluted share, compared to $8.1 million, or $0.65 per diluted share, for the fourth quarter of 2022.
During the fourth quarter of 2023, the net cash provided by operations was $26.5 million compared to $32.1 million during the fourth quarter of 2022.

BAE Systems Secures Regulatory Approvals for Acquisition of Ball Aerospace

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水曜日, 2月 14, 2024

Further to the announcement of 17 August 2023, BAE Systems has now received the necessary regulatory approvals and will be executing steps in the coming days to complete the acquisition of Ball Aerospace from Ball Corporation.

Key Points:

Further to the announcement of 17 August 2023, BAE Systems has now received the necessary regulatory approvals and will be executing steps in the coming days to complete the acquisition of Ball Aerospace from Ball Corporation.
BAE Systems and Ball Corporation will be executing the plan to complete the acquisition in the coming days.
BAE Systems shall provide 2024 Group guidance at our preliminary results on 21 February 2024 incorporating the acquisition.
“We look forward to welcoming the employees of Ball Aerospace to BAE Systems, bringing one of industry’s most respected and capable businesses into the Group.

Ducommun Incorporated Reports Third Quarter 2023 Results

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水曜日, 11月 8, 2023

Adjustment, Aerospace, Q&A, NYSE, Acquisition, BLR, Electronic Systems, Structured systems analysis and design method, Commercial, Webcast, Ducommun, DCO, A220, Bookkeeping, Pharmaceutical industry, Video game, Airline, Growth

SANTA ANA, Calif., Nov. 08, 2023 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”) today reported results for its third quarter ended September 30, 2023.

Key Points:

All-Time Record Quarterly Revenue and Adjusted Operating Income; Growth in both Commercial Aerospace and Defense; Strong Margin Expansion Driving Adjusted EBITDA to 14.9%
SANTA ANA, Calif., Nov. 08, 2023 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”) today reported results for its third quarter ended September 30, 2023.
In summary, Ducommun is well positioned to execute our stated strategy over the next four years with significant runway ahead.”
Net revenue for the third quarter of 2023 was $196.3 million compared to $186.6 million for the third quarter of 2022.
Electronic Systems segment net revenue for the quarter ended September 30, 2023 was $110.7 million, compared to $113.4 million for the third quarter of 2022.
Structural Systems segment net revenue for the quarter ended September 30, 2023 was $85.5 million, compared to $73.2 million for the third quarter of 2022.

Marelli named Top Innovator at CLEPA Innovation Awards with its Diorama Display, pioneering head-up display enhancing safety

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木曜日, 10月 19, 2023

Digital, HUD, Innovation, OTA, HUD (video gaming), HMI, Thin-film transistor, TFT, Chicago Innovation Awards, Automotive Supplier Innovation Program, Software, User interface, Siderian, Electronic Systems, Magneti Marelli, European Association for Evolutionary Political Economy, Safety, Thin film, Television

DETRIOIT, Oct. 19, 2023 /PRNewswire/ -- Marelli has been named a 'Top Innovator' at the Innovation Awards 2023 by CLEPA, the European Association of Automotive Suppliers, with its Diorama Display technology.

Key Points:

DETRIOIT, Oct. 19, 2023 /PRNewswire/ -- Marelli has been named a 'Top Innovator' at the Innovation Awards 2023 by CLEPA, the European Association of Automotive Suppliers, with its Diorama Display technology.
The Marelli solution was recognized in the 'Digital' category, during the awards ceremony held on October 18.
The CLEPA Innovation Awards celebrate the innovative excellence of the European automotive supply industry.
The position and distance of Diorama from the driver improve eye focus and driver reaction time, enhancing safety.

BAE Systems, Inc. names Dan Sallet to lead its Finance team

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水曜日, 10月 11, 2023

University of Massachusetts, BAE Systems, Bentley University, BAE Systems Inc., Electronic Systems, Sallet, University, Management

FALLS CHURCH, Va., Oct. 11, 2023 /PRNewswire/ -- BAE Systems, Inc. has named Dan Sallet as its senior vice president for finance.

Key Points:

FALLS CHURCH, Va., Oct. 11, 2023 /PRNewswire/ -- BAE Systems, Inc. has named Dan Sallet as its senior vice president for finance.
In his role, Sallet will be responsible for the financial operations of the company's U.S.-based businesses.
Sallet will report to BAE Systems, Inc. President and CEO Tom Arseneault, and serve as a member of the Inc. senior leadership team.
During his 35-year career with the company, Sallet has held a number of leadership positions within the finance organization.

Axcelis Technologies Announces CFO Succession James Coogan to Become Executive Vice President and CFO in October 2023

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火曜日, 9月 5, 2023

Brewer will assume the title of Executive Vice President, Finance and Operations.

Key Points:

Brewer will assume the title of Executive Vice President, Finance and Operations.
He will continue to manage the Company's manufacturing operations and will support the transition of the Company's finance function to Mr. Coogan.
Mr. Coogan joins Axcelis after serving as Senior Vice President, Chief Financial Officer at Kaman Corporation, a leading provider of aerospace and defense products.
I want to thank the entire Axcelis team for their hard work and unwavering commitment to lead us here.

BAE Systems plc – Proposed acquisition of Ball Aerospace

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木曜日, 8月 17, 2023

BAE Systems plc (“BAE Systems” or the “Company”) announces that it has entered into a definitive Stock Purchase Agreement to acquire the Ball Aerospace business from Ball Corporation for c.$5.55bn in cash, subject to customary closing adjustments.

Key Points:

BAE Systems plc (“BAE Systems” or the “Company”) announces that it has entered into a definitive Stock Purchase Agreement to acquire the Ball Aerospace business from Ball Corporation for c.$5.55bn in cash, subject to customary closing adjustments.
Ball Aerospace is a leading provider of spacecraft, mission payloads, optical systems, and antenna systems with decades of proven success underpinned by world class advanced technologies.
Our mission of We Protect Those Who Protect Us® resonates with the Ball Aerospace team, and our adjacent and augmented positions across the defence, intelligence, and scientific markets will strengthen our outlook and benefit BAE Systems, the Ball Aerospace business, and customers alike.
BAE Systems plc and its directors accept no liability to third parties in respect of any such forward-looking statements.

Ducommun Incorporated Reports Second Quarter 2023 Results

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木曜日, 8月 3, 2023

SANTA ANA, Calif., Aug. 03, 2023 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”) today reported results for its second quarter ended July 1, 2023.

Key Points:

SANTA ANA, Calif., Aug. 03, 2023 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”) today reported results for its second quarter ended July 1, 2023.
Net income for the second quarter of 2023 was $2.4 million, or $0.17 per diluted share, compared to $4.1 million, or $0.34 per diluted share, for the second quarter of 2022.
Gross profit for the second quarter of 2023 was $40.1 million, or 21.4% of revenue, compared to gross profit of $34.6 million, or 19.9% of revenue, for the second quarter of 2022.
During the second quarter of 2023, the net cash provided by operations was $9.2 million compared to $25.0 million during the second quarter of 2022.

Draper Joins Intel Foundry Services (IFS) Accelerator USMAG Alliance for Development of Secure Microelectronics for U.S. DoD

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月曜日, 7月 31, 2023

Biotechnology, Intel, IP, Government, Engineering, Logic, Artificial intelligence, Electronic Systems, Ecosystem, Risk management, Cryptocurrency, Draper

CAMBRIDGE, Mass., July 31, 2023 /PRNewswire-PRWeb/ -- Draper today announced that it has joined the Intel Foundry Services (IFS) U.S. Military, Aerospace and Government (USMAG) Alliance to support mutual customers with the domestic development and delivery of trusted solutions for national security applications. By participating in the alliance, Draper is advancing the adoption of IFS' leading-edge processes to provide trusted design in conjunction with Draper's security IP and precision instrumentation, ensuring that military, aerospace and government customers meet stringent national security requirements.

Key Points:

As a member of Intel Foundry Services, Draper will support the domestic development and delivery of trusted solutions for national security applications.
CAMBRIDGE, Mass., July 31, 2023 /PRNewswire-PRWeb/ -- Draper today announced that it has joined the Intel Foundry Services (IFS) U.S. Military, Aerospace and Government (USMAG) Alliance to support mutual customers with the domestic development and delivery of trusted solutions for national security applications.
As an IFS Accelerator USMAG Alliance member, Draper benefits from access to process roadmaps, leading edge process design kits and technical training.
"We are pleased to welcome Draper to the IFS Accelerator USMAG Alliance," said Suk Lee, Vice President of Design Ecosystem Technology at IFS.

Ducommun Incorporated Reports First Quarter 2023 Results

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木曜日, 5月 4, 2023

Q&A, Ducommun, BLR, DCO, Structured systems analysis and design method, EBITDA, Acquisition, Aerospace, Webcast, Commercial, Electronic Systems, OEM, NYSE, Pharmaceutical industry, Video game, Airline

SANTA ANA, Calif., May 04, 2023 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”) today reported results for its first quarter ended April 1, 2023.

Key Points:

SANTA ANA, Calif., May 04, 2023 (GLOBE NEWSWIRE) -- Ducommun Incorporated (NYSE: DCO) (“Ducommun” or the “Company”) today reported results for its first quarter ended April 1, 2023.
During the first quarter of 2023, the net cash used in operations was $18.9 million, essentially flat compared to $18.9 million during the first quarter of 2022.
Electronic Systems segment net revenue for the quarter ended April 1, 2023 was $105.6 million, compared to $97.5 million for the first quarter of 2022.
Structural Systems segment net revenue for the quarter ended April 1, 2023 was $75.6 million, compared to $66.0 million for the first quarter of 2022.