Ducommun Acquires Aerodynamic Systems Provider BLR Aerospace For Undisclosed Sum

  • Ducommun Inc DCO said it entered into a definitive securities purchase agreement to acquire BLR Aerospace LLC. The financial details of the transaction were not disclosed.
  • BLR provides aerodynamic systems that enhance productivity, performance, and safety of rotary- and fixed-wing aircraft on commercial and military platforms.
  • The company expects the transaction to be completed during the second-quarter of 2023.
  • Ducommun intends to finance the acquisition through its existing revolving credit facility.
  • "This is a first step in our commitment made during Ducommun's Investor Day last December to increase the amount of engineered products and aftermarket in our revenues," said Stephen G. Oswald, chairman, president and CEO of Ducommun.
  • The company held $46.2 million in cash and equivalents as of Dec. 31, 2022.
  • Price Action: DCO shares closed higher by 2.03% at $51.17 on Monday.
Market News and Data brought to you by Benzinga APIs
Posted In: M&ANewsSmall CapGeneralBriefs
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!