Ducommun Inc
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Industrials : Aerospace & Defense | Small Cap Blend
Company profile

Ducommun Incorporated is a global provider of engineering and manufacturing services for various products and failure applications used primarily in the aerospace, defense, industrial, natural resources, medical and other industries. The Company is a solution-based provider, offering a range of value-added products and services in its primary businesses of electronics, structures and integrated solutions. The Company operates through two segments: Electronic Systems (ES) and Structural Systems (SS). The ES has over three product offerings in electronics manufacturing for various applications, including complex cable assemblies and interconnect systems, printed circuit board assemblies, and electronic, electromechanical and mechanical assemblies. The SS segment offers over three product offerings to support a customer base, including commercial aircraft, military fixed-wing aircraft, and military and commercial rotary-wing aircraft.

Closing Price
$33.14
Day's Change
1.08 (3.37%)
Bid
--
Ask
--
B/A Size
--
Day's High
33.30
Day's Low
31.86
Volume
(Below Average)
Volume:
61,735

10-day average volume:
70,651
61,735

Berkshire Hathaway's Geico to credit its vehicle policyholders

5:31 pm ET April 7, 2020 (MarketWatch)
Print

Berkshire Hathaway Inc.'s (BRKA)(BRKA) Geico insurance said late Tuesday it will give its auto and motorcycle policyholders a 15% credit on their bills as their policies come up for renewal between Wednesday and Oct 7. The credit will also apply to new policies bought in the same period, Geico said. The company said the average auto policy has a six-month premium around $1,000, and generally covering more than one vehicle, so it expects to credit on average about $150 per auto policy and about $30 per motorcycle policy. The company estimated that the benefit to its 18 million auto and 1 million motorcycle customers will be around $2.5 billion. "Shelter-in-place policies have reduced driving significantly. Vehicle accidents are down considerably, and although Geico expects a return to near-normal once the impacts of COVID-19 subside, Geico remains committed to serving its customers' changing needs in the best way it can," the company said in a statement. Geico in March said it was pausing coverage cancellations due to non-payment and policy expiration through at least April 30. Allstate Corp. (ALL) and privately owned American Family Mutual Insurance Co. on Monday announced similar credits due to pandemic.

-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

April 07, 2020 17:31 ET (21:31 GMT)

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