Ducommun Incorporated: Moderate financial leverage and healthy credit metrics tempered by small size and near-term risk relating to the 737 MAX
Reliance on cyclical OEM customers, good near-term growth prospects but exposure to Boeing narrowbody programDucommun provides engineering and manufacturing services. The company has two primary business segments: Electronic Systems and Structural Systems. Electronic Systems designs, engineers and manufactures products used in technology-driven markets including aerospace, defense, industrial, medical, and other end-use markets. These product offerings range from prototype development to assemblies. Structural Systems designs, engineers and manufactures contoured aerospace structural components and assemblies and supplies composite and metal bonded structures and assemblies. These products are used on commercial aircraft, military fixed-wing aircraft and military and commercial rotary-wing aircraft.
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