The Aerospace & Defense Forum April 4, 2013 Unifying an Organization through a Shared Vision Joel Benkie Joel Benkie Chief Operating Officer Ducommun Incorporated Company Overview • Founded in 1849 • Today, Ducommun is a global leader in manufacturing sophisticated solutions for the aerospace, defense, industrial and natural resources markets – Broad capabilities support more advanced, higher value ‐ added Tier 2 systems and assemblies – Focused, niche approach capitalizes on growing market demand – Long ‐ term relationships with blue ‐ chip customers • $747 million in annual sales (2012) $ • 22 manufacturing and engineering operations in 13 states, Mexico and Thailand • 3,400 employees companywide 2 1
The Aerospace & Defense Forum April 4, 2013 Two Operating Units Ducommun Incorporated Incorporated Ducommun LaBarge Ducommun Technologies (DLT) AeroStructures (DAS) and Ducommun Miltec 41% of 2012 Sales 59% of 2012 Sales Customer ‐ focused business model that is uniquely organized to fully support our customers’ increasing demand for more advanced integrated systems. 3 Ducommun AeroStructures (DAS) Designs, engineers and manufactures large, complex contoured aerostructure components and assemblies Product Offering Commercial Aircraft � Fuselage skin panels & assemblies � Flight control surface assemblies � Leading edges Composite Winglets Military Fixed Wing Aircraft � Fuselage skin panels & assemblies � Flight control surface assemblies � Various door panels � Leading edges � Leading edges Rotor Blade Fuselage Skins � Engine ducts Assemblies and Assemblies Military and Commercial Rotary Wing Aircraft � Main & tail rotor blade assemblies � Leading edges Flight Control Surface Exhaust Systems � Firewall exhaust assemblies Assemblies and Engine Ducts � Sub ‐ assemblies 4 2
The Aerospace & Defense Forum April 4, 2013 Ducommun LaBarge Technologies (DLT) Designs, engineers and manufactures high ‐ reliability electronic and electromechanical systems and subsystems Product Offering Product Offering � Turnkey design, engineering, assembly and test � Cable assemblies, wire harnesses and interconnect systems � PCB assemblies and microelectronics/hybrid circuits Interconnect Systems � Box ‐ build, electromechanical and Design, Engineering and Test mechanical systems � Engineered products – Integrated cockpit control assemblies d k l bl – Lighted panels and switch products Printed Circuit Board Assemblies – RF products (MW & mmW) – Motors and resolvers � Systems integration � Logistics Integrated Complete System Mechanical � After ‐ market support Box ‐ Level Assemblies Builds Assemblies 5 Ducommun Miltec Provides highly technical system solutions and engineering support for missile and space applications Product Offering Product Offering Missiles and Space Core Capabilities � Missiles, satellites, KVs � Inertial nav systems � Lasers Systems Core Capabilities � Test management and planning � Range and operations support � Systems engineering and integration Research and Technology Core Capabilities � Basic and applied research in acoustics � Aviation and UAV sensors � Cruise missile detection and tracking 6 3
The Aerospace & Defense Forum April 4, 2013 Where We’re Located Ducommun in California • Headquartered in Carson Headquartered in Carson • $251 million in 2012 net sales generated by California plants • 5 manufacturing plants providing aerostructures and technology products used worldwide • 1,100 employees Thailand 7 Diverse End Markets and Platforms 2012 Annual Sales – $747 million KEY AEROSPACE PLATFORMS Medical/ / • Commercial aircraft programs • Commercial aircraft programs Other –Boeing 737NG, 747, 777 and 787 6% Natural Defense –Airbus A330, A340, A350 and A380 Resources Structures 8% 19% • New commercial aircraft Industrial opportunities 8% –737 MAX –A320 NEO Defense Defense Technologies Commercial • Military platforms Aerospace 32% –Black Hawk 27% –JSF –V ‐ 22 8 4
The Aerospace & Defense Forum April 4, 2013 Our Rich History • 1849: Founded in Los Angeles by Charles Louis Ducommun as a watch business, then general store, during the Gold Rush • 1920s: Assists in birth of the aerospace industry in • 1920s: Assists in birth of the aerospace industry in Southern California; provides aircraft aluminum to early aerospace pioneers Lindbergh, Douglas and Lockheed • 1950s: Becomes largest metals materials supplier to the aerospace industry in SoCal • 1960s: Diversifies into distribution of electronic components to the aerospace industry • 1999 – 2000s: Expands capabilities through small acquisitions • 2011: Acquires electronics manufacturing services leader LaBarge, Inc. in a transformational acquisition 9 Unifying Two Companies • Acquisition of LaBarge, Inc. – Merger of Two Equals – Doubled the size of Ducommun – revenues manufacturing – Doubled the size of Ducommun revenues, manufacturing plants, employees – Expanded Ducommun’s capabilities to include sophisticated electronics manufacturing and technology solutions • Integration versus Unification – Common vision Common vision – Way of doing business – Goal setting – Measuring results 10 5
The Aerospace & Defense Forum April 4, 2013 PROPRIETARY & CONFIDENTIAL 12 6
The Aerospace & Defense Forum April 4, 2013 13 Creating a Shared Vision 14 7
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