Skip to main content
The Globe and Mail
Get full access to globeandmail.com
Support quality journalism
Just $1.99 per week for the first 24 weeks
Just $1.99 per week for the first 24 weeks
The Globe and Mail
Support quality journalism
Get full access to globeandmail.com
Globe and Mail website displayed on various devices
Just$1.99
per week
for the first 24 weeks

var select={root:".js-sub-pencil",control:".js-sub-pencil-control",open:"o-sub-pencil--open",closed:"o-sub-pencil--closed"},dom={},allowExpand=!0;function pencilInit(o){var e=arguments.length>1&&void 0!==arguments[1]&&arguments[1];select.root=o,dom.root=document.querySelector(select.root),dom.root&&(dom.control=document.querySelector(select.control),dom.control.addEventListener("click",onToggleClicked),setPanelState(e),window.addEventListener("scroll",onWindowScroll),dom.root.removeAttribute("hidden"))}function isPanelOpen(){return dom.root.classList.contains(select.open)}function setPanelState(o){dom.root.classList[o?"add":"remove"](select.open),dom.root.classList[o?"remove":"add"](select.closed),dom.control.setAttribute("aria-expanded",o)}function onToggleClicked(){var l=!isPanelOpen();setPanelState(l)}function onWindowScroll(){console.log("scroll");var l=isPanelOpen(),n=0===(document.body.scrollTop||document.documentElement.scrollTop);n||l||!allowExpand?n&&l&&(allowExpand=!0,setPanelState(!1)):(allowExpand=!1,setPanelState(!0))}pencilInit(".js-sub-pencil",!1);
TSX Real-Time Last Sale CAD
Today's Change
Volume
Price Quote as of

More stories below advertisement

Heroux-Devtek Awarded Contract to Support Boeing's MQ-25 Unmanned Tanker for the U.S. Navy

GlobeNewswire - Mon Apr 8, 6:29AM CDT

Heroux-Devtek Inc. (TSX:HRX.TO) ("Heroux-Devtek" or the "Corporation"), a leading international manufacturer of aerospace products, today announced that it has been awarded a contract by The Boeing Company to supply the complete landing gear system for the MQ-25 unmanned aerial refueling program.

"We are very pleased to have been selected once again by Boeing as a key system supplier for the MQ-25. This new contract award represents our fourth complete aircraft landing gear program collaboration with the world's largest aerospace company and could represent a significant new long-term opportunity for Heroux-Devtek," said Heroux-Devtek President & CEO, Gilles Labbe.

The MQ-25 is the U.S. Navy's first operational carrier-based unmanned aircraft and is designed to provide a much-needed refueling capability. The contract supports Boeing's engineering and manufacturing development program to provide four MQ-25 aircraft to the U.S. Navy for Initial Operational Capability by 2024.

Heroux-Devtek is a supplier of landing gear, spare parts and aftermarket services to Boeing for a wide range of other defense and commercial programs. This contract award will also have a positive impact on Heroux-Devtek's Canadian supply chain.

"The MQ-25 program is vital because it will help the U.S. Navy extend the range of the carrier air wing, and Boeing and our industry team is all-in on delivering this capability," said Dave Bujold, Boeing's MQ-25 program director. "The work we're doing is also foundational for the future of Boeing - where we're building autonomous systems from seabed to space."

PROFILE

Heroux-Devtek Inc. (TSX:HRX.TO) is an international company specializing in the design, development, manufacture, repair and overhaul of aircraft landing gear, hydraulic and electromechanical flight control actuators, custom ball screws and fracture-critical components for the Aerospace market. The Corporation is the third largest landing gear company worldwide, supplying both the commercial and defence sectors. Approximately 90% of the Corporation's sales are outside of Canada, including about 50% in the United States. The Corporation's head office is located in Longueuil, Quebec with facilities in the Greater Montreal area (Longueuil, Laval and St-Hubert); Kitchener, Cambridge and Toronto, Ontario; Springfield and Strongsville, Ohio; Wichita, Kansas; Everett, Washington; Livonia, Michigan; Runcorn, Nottingham and Bolton, United Kingdom; and Madrid and Seville, Spain.

Contact Information:

Heroux-Devtek Inc.                         Investor Relations
Stephane Arsenault                         Danielle Ste-Marie
Vice President and Chief Financial Officer Ste-Marie Strategy & Communications Inc.
Tel.: (450) 679-3330                       Mobile : (514) 465-6701
                                           IR@heroux-devtek.com

https://ml.globenewswire.com/media/e58c8177-5256-4b16-9fbd-1107598da2f2/small/heroux-devtek-inc-jpg.jpg

More stories below advertisement

All market data (will open in new tab) is provided by Barchart Solutions. Copyright © 2020.

Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. For exchange delays and terms of use, please read disclaimer (will open in new tab).

To view this site properly, enable cookies in your browser. Read our privacy policy to learn more.
How to enable cookies