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Ducommun Incorporated

DCO

Industrials

1

exclusion reason

1 theme

Weapons & Military (1)
DCO Industrials Current as of April 2026

This page is part of our public exclusion list — a transparency tool that shows which companies we screen out and why. It is not investment advice, and it is not an accusation. But it is subject to change as our understanding of the facts evolves.

Military Contracting
Since Nov 13, 2021

Ducommun Incorporated derives a significant portion of its revenue from defense contracting, with defense revenue estimated between 15-24% of its total. The company manufactures specialized structural components and assemblies for military aircraft and missile systems, including for platforms like the F-35 Joint Strike Fighter. Its 2023 acquisition of BLR Aerospace, LLC, a provider of aerodynamic systems for military rotorcraft and fixed-wing aircraft, further expanded its defense portfolio. This business activity meets the threshold for exclusion, as the company develops products targeting military customers and defense revenue constitutes a material portion of its operations.

Research Sources 1 organization
SIPRI
External

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Companies appear on our exclusion list based on our investment judgment — not because they've done anything illegal. This is a difference of values and opinion, not an accusation of wrongdoing. Exclusion does not constitute a recommendation against investing in any company, and absence from the list does not constitute a recommendation to invest.

This information is provided for educational and transparency purposes only and should not be relied upon as investment advice. Data is drawn from independent watchdogs, NGOs, government registries, and Ethical Capital's ongoing research — see Research Sources for the full list.

Ethical Capital LLC is a state-registered investment adviser in Utah (CRD #316032). Registration does not imply a certain level of skill or training.