April 8 (Reuters) - Aerospace and defense supplier Ducommun said on Monday it had received an unsolicited, non-binding takeover interest from private investment firm Albion River for $60 per share in cash.

Shares of Ducommun were up about 15% in premarket trading.

The proposal, which is under review by the company's board, is valued at $878.4 million, and represents a 23.5% premium to the Ducommun stock's last close. The company's current market cap stands at $711.3 million.

California-based Ducommun manufactures electronic and electromechanical products for aerospace and defense and industrial end-use markets.

The company, founded in 1849, assisted in the birth of the aerospace industry in Southern California by providing aircraft aluminum to early pioneers like Lindbergh, Douglas and Lockheed, as per its website.

RBC Capital Markets is acting as a financial advisor to Ducommun, while Simpson Thacher & Bartlett LLP act as legal counsel. (Reporting by Abhinav Parmar in Bengaluru; Editing by Anil D'Silva and Shailesh Kuber)