Ducommun Incorporated has entered into a definitive securities purchase agreement to acquire BLR Aerospace. The transaction is subject to customary closing conditions and regulatory approval, and is expected to be completed during the second quarter of 2023.
“I am delighted to welcome the team at BLR Aerospace to Ducommun as we continue to add proprietary engineered products to our portfolio,” says chairman, president and CEO Stephen G Oswald. “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 its team will only strengthen our position. The other exciting aspect of BLR is that it is contributing to the advancement of both the commercial aviation and defence industries through innovation, and that is in line with our company's vision.”
Founded in 1992, BLR provides aerodynamic systems that enhance the productivity, performance and safety of rotary and fixed wing aircraft on commercial and military platforms. Formerly known as Boundary Layer Research, the company currently offers a comprehensive portfolio of products that includes FastFin systems, winglet systems, propellers and flow modifiers. BLR's solutions are intended to increase an aircraft's overall productivity, performance and safety, while fundamentally improving its operating characteristics and expanding the mission set of various aircraft families.
“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 defence 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,” says president Mike Carpenter.