Ducommun (DCO) Jefferies Global Industrials Conference 2026 summary

Company history and leadership

• Oldest active company in California, founded in 1849, with a legacy in aerospace supply since the Spirit of St. Louis.

• Leadership since 2017 has focused on engineered products and strategic acquisitions.

• The founding family retains a 4% ownership stake, reflecting long-term commitment.

Business mix and market positioning

• Revenue mix is approximately 55–60% defense and 40–45% commercial aerospace, with a preference to lean slightly toward defense.

• Strong order book growth, especially in defense and narrow-body commercial platforms, with Boeing and Airbus programs highlighted.

• Primarily a first-tier OEM supplier, but also operates as a second-tier supplier.

Strategic focus and differentiation

• Emphasis on engineered products and proprietary manufacturing capabilities, such as titanium hot forming and superplastic forming.

• Niche contract manufacturing and engineered products drive pricing power and market moat.

• Acquisitions target leading products, markets, and low capital intensity.