Exhibit 5.1
May 18, 2023
Ducommun Incorporated
200 Sandpointe Avenue, Suite 700
Santa Ana, CA 92707-5759
Re: Form S-3 Registration Statement (No. 333-268218 )
Ladies and Gentlemen:
We have acted as counsel to Ducommun Incorporated, a Delaware corporation (the “Company”), in connection with the preparation and filing with the Securities and Exchange Commission (the “Commission”) under the Securities Act of 1933, as amended (the “Securities Act”), of (i) the registration statement on Form S-3 (File No. 333-268218) (the “Registration Statement”) filed with the Commission on November 7, 2022, (ii) the base prospectus dated November 17, 2022, forming a part of the Registration Statement (the “Base Prospectus”), (iii) the preliminary prospectus supplement in the form filed with the Commission pursuant to Rule 424(b) under the Securities Act on May 15, 2023 and (iv) the final prospectus supplement dated May 15, 2023 in the form filed with the Commission pursuant to Rule 424(b) under the Securities Act on May 17, 2023 (together with the Base Prospectus, the “Prospectus Supplement”) in connection with the offering by the Company of 2,300,000 shares (the “Shares”) of the Company’s common stock, par value $.01 per share, covered by the Registration Statement. The Shares are being sold pursuant to an Underwriting Agreement, dated May 15, 2023 (the “Underwriting Agreement”), by and between the Company and Goldman Sachs & Co. LLC, Citigroup Global Markets Inc., RBC Capital Markets, LLC and B. Riley Securities, Inc., as the representatives of the underwriters named therein (the “Underwriters”). We understand that the Shares are to be offered and sold in the manner described in the Prospectus Supplement.
This opinion letter is being delivered in accordance with the requirements of Item 601(b)(5) of Regulation S-K promulgated under the Act.
In rendering the opinion set forth below, we have examined and relied upon such certificates, corporate records, agreements, instruments and other documents that we considered necessary or appropriate as a basis for the opinion, including (i) the Registration Statement, (ii) the Prospectus Supplement and (iii) the Underwriting Agreement. In our examination, we have assumed the legal capacity of all natural persons, the genuineness of all signatures, the authenticity of all documents submitted to us as certified or photostatic copies, the authenticity of the originals of such latter documents and that the Underwriting Agreement constitutes the valid and binding obligation of each party thereto (other than the Company) enforceable against each such party in accordance with its terms. As to any facts material to this opinion that we did not independently establish or verify, we have relied upon oral or written statements and representations of officers and other representatives of the Company and others.