STEPHEN OSWALD
CHAIRMAN/CEO/PRESIDENT
DUCOMMUN INC.
WHY: Heads Costa Mesa-based aerospace, defense and industrial components provider that generated $787M in sales in 2024 with a $1B annual goal. Vision 2027 Strategy to focus on organic growth and M&A in high-growth segments. One of the state’s oldest companies, founded in 1849 as a hardware company.
IN THE NEWS: In August, reported Q2 sales rose 3% to $202M while adjusted net income increased 8% to $13.4M.
NOTABLE: Year ago, activist firm Albion River offered $60 per share to acquire Ducommun at $878M valuation. Since Ducommun rejected offer as too low, shares have risen about 55% to about $93 and $1.4B market cap.
QUOTABLE: “Defense in Q2 saw strong demand across several missile programs as well as radar, military rotary-wing aircraft platforms and a classified program. While there was continued weakness in revenues from Boeing during the quarter, I am increasingly confident that their recent performance in 2025 is a sign of much better days ahead both in single aisle and wide-body aircraft.”
