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Fri, Mar 24, 2023

Ducommun Inc. to Acquire BLR Aerospace

Deal to Close Q2 2023

Ducommun Incorporated has announced that it entered into a definitive securities purchase agreement to acquire Everett-Washington-headquartered BLR Aerospace, LLC, a producer of performance and safety-enhancing aerospace components.

The Transaction is subject to customary closing conditions and regulatory approval, and is expected to be completed during the second quarter of 2023.

Ducommun Incorporated chairman, president, and CEO Stephen G. Oswald stated: “I am delighted to welcome the team at BLR Aerospace to Ducommun as we continue to add proprietary engineered products to our portfolio. 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. BLR is an absolute industry leader in providing engineered products and aftermarket services to rotorcraft, fixed-wing business aviation OEM customers, and fleet operators worldwide, and their team will only strengthen our position. 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.”

Founded in 1992, BLR has evolved into a leading provider of aerodynamic systems conducive to the enhancement of the productivity, performance, and safety of commercial and military rotary and fixed-wing aircraft. The company’s rich heritage and proud legacy of aerodynamic innovation and leadership dates back to its origin as Boundary Layer Research. Currently, BLR offers a comprehensive portfolio of products that includes tail-boom strakes, winglets, advanced propellers, LED lighting systems, and flow modifiers.

BLR’s solutions are intended to increase overall aircraft performance, productivity, and safety, while fundamentally improving operating characteristics and expanding the mission capabilities of various aircraft families.

BLR’s president Mike Carpenter remarked: “We are excited to join the Ducommun family. BLR’s rich heritage, history of innovation, and emphasis on technical excellence and commitment to offer products that deliver true and quantifiable step changes in performance will complement Ducommun’s existing portfolio of engineered products for the commercial aerospace and defense industries. With Ducommun, BLR expects to accelerate its growth and expand its focus on innovative offerings to meet the needs of an evolving customer base.”

Ducommun intends to finance its acquisition of BLR through the former company’s existing revolving credit facility.

FMI: www.ducommun.com

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