SANTA ANA, CA – Ducommun announced fourth quarter revenue of $120 million for its Electronic Systems segment, an increase of 13.2% from the previous year's fourth quarter.

That growth was primarily driven by a $13 million increase in revenue within Ducommun's commercial aerospace end-use markets due to higher build rates on other commercial aerospace platforms. The Electronic Systems segment saw $700,000 lower revenue within its military and space end-use markets due to lower build rates on military fixed-wing aircraft platforms, partially offset by higher build rates on various missile platforms.

"Ducommun as well ended the year with a strong backlog of approximately $961 million, with $450 million in commercial aerospace orders, which is up 35% from 2021," said Stephen G. Oswald, chairman, president and chief executive officer. "Looking ahead to 2023, with both Boeing and Airbus each planning on hiring 10,000 workers or more this year, we anticipate the commercial aerospace market recovery to continue in earnest. We also expect our largest business, defense, to again be solid given the current geopolitical environment and off-loading initiatives. 2022 was certainly a very good year overall for Ducommun and we look forward to 2023 and 2024 as both of our primary markets look to be in excellent shape."