Story ID: GPduocommblr03212023
Ducommun Set To Acquire BLR Aerospace
By: Gregory Polek
Caption: Electronic and structural systems producer Ducommun believes its acquisition of BLR Aerospace will further boost its surging revenues. 
Word Count: 229
Electronic and structural systems producer Ducommun has agreed to acquire Everett, Washington-based aerodynamic systems supplier BLR Aerospace, the companies said today. Expected to close in the second quarter of this year, the transaction remains subject to customary closing conditions and regulatory approval. BLR offers the FastFin tail rotor stability system for helicopters, in addition to winglets, vortex generators, and quiet propellers for airplanes.
“I am delighted to welcome the team at BLR Aerospace to Ducommun as we continue to add proprietary engineered products to our portfolio,” said Ducommun chairman and CEO Stephen Oswald. “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…The other exciting aspect of BLR is that they are contributing to the advancement of both the commercial aviation and defense industries through innovation and that is in line with our company’s vision.”
The move comes after Ducommun closed 2022 with a 14 percent increase in revenue to roughly $188 million, resulting in full-year revenue exceeding $700 million for the first time since 2019. The company also ended the year with a backlog of some $961 million after registering commercial aerospace orders of $450 million, resulting in a 35 percent increase over its year-end 2021 backlog.