SANTA ANA, Calif. - Ducommun Incorporated (NYSE:DCO) announced the appointment of David B. Carter to its Board of Directors as an independent director, effective as of last Thursday. The addition of Mr. Carter increases the board's composition to nine members, with eight serving independently.
Mr. Carter joins the Innovation Committee of the company, bringing a wealth of experience from his extensive tenure in engineering leadership roles. His background includes significant positions at United Technologies Corporation (NYSE:RTX) (UTC), now part of Raytheon (NYSE:RTN) Technologies Corporation (RTX), where he served as Senior Vice President of Engineering for Pratt & Whitney Company, Inc.
Stephen G. Oswald, chairman, president, and CEO of Ducommun, expressed confidence in Carter's (NYSE:CRI) ability to contribute to the company's strategic goals, particularly the 2027 strategy focusing on engineered products and aftermarket revenue growth. According to Oswald, Carter's expertise will be instrumental in guiding the company's organic growth and acquisition strategies to fulfill commitments to shareholders and ensure long-term success.
Carter's career highlights include senior roles at UTC Aerospace Systems, where he managed product design, development, and certification across various aerospace components. His extensive knowledge covers a range of engineered product lines and his experience with global engineering teams and customer relations with major manufacturers like Boeing (NYSE:BA) and Airbus.
With a Master of Science in Mechanical Engineering from the University of Virginia, Carter's appointment is seen as a strategic move for Ducommun as it aims to strengthen its position in the aerospace, defense, and industrial markets. The company, founded in 1849, specializes in Electronic Systems and Structural Systems, delivering complex products and components for various applications.
This announcement is based on a press release statement from Ducommun Incorporated and should be evaluated within the context of potential risks and uncertainties that could affect the company's future results. Ducommun has not provided any update to these forward-looking statements since the date of the release.
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