The Corporation also delivers its first Chinook complete landing gear
LONGUEUIL, QC, Sept. 24, 2012 /CNW Telbec/ - Héroux-Devtek Inc. (TSX:
HRX) a leading Canadian manufacturer of aerospace products, today
announced that its Landing Gear products operations have received a
license from The Boeing Company (NYSE: BA) to service the H-47 Chinook
aircraft landing gear in nearly a dozen countries.
The license makes Héroux-Devtek eligible to offer its services to
fabricate replacement parts and carry out repair and overhaul (R&O)
services for the landing gear of all variants of Chinook aircraft. The
agreement also includes option renewal periods beyond the initial
"This new license further enhances Héroux-Devtek's global reach and
confirms its reputation as a leading provider of high-quality landing
gear aftermarket products and services," said Gilles Labbé, President
and CEO of Héroux-Devtek. "In addition to generating recurring revenues
throughout the life of the program, the license will also allow
Héroux-Devtek to maintain an optimal balance between new component
manufacturing and aftermarket services. We are delighted to broaden our
longstanding relationship with Boeing and our participation on the H-47
program, and we are pleased to support the Chinook fleet operated by
customers around the world."
Héroux-Devtek also delivered its first H-47F complete landing gear to
Boeing. Héroux-Devtek's Landing Gear products operations is under
contract from Boeing to fabricate, assemble, test and deliver the
landing gear for H-47F aircraft delivered to customers outside the
"Héroux-Devtek manufactured the first Chinook complete landing gear for
Boeing on schedule," said Steve Parker, Boeing director, Canada CH-147F
Medium-to-Heavy Lift Helicopter program. "The Chinook is the backbone
of heavy-lift helicopter fleets around the world. As the Canadian
program continues to gain momentum, we look forward to continuing to
expand our relationships with reliable partners."
The H-47F Chinook is a multi-mission, heavy-lift transport helicopter.
Its primary mission is to move troops, artillery, ammunition, fuel,
water, barrier materials, supplies and equipment on the battlefield.
Its secondary missions include medical evacuation, disaster relief,
search and rescue, aircraft recovery, fire fighting, parachute drops,
heavy construction and civil development. The family of Chinook
aircraft has been in U.S. Army service since 1962. In addition,
Chinooks are operated or have been selected by nearly 20 international
Héroux-Devtek's Chinook landing gear contract and the new licensing
agreement are in line with Canada's Industrial & Regional Benefits
(IRB) policy and are integral parts of Boeing's IRB programs in Canada.
Canada's IRB policy requires prime contractors such as Boeing to make
investments in the Canadian economy as a result of winning defense and
security contracts with the Government of Canada. Boeing has four
active IRB programs tied to the purchase and sustainment of four C-17
airlifters - designated CC-177 for Canadian Forces; the procurement of
ScanEagle unmanned aircraft systems services; the purchase and
sustainment of 15 CH-47F Chinook medium-to-heavy-lift rotorcraft -
designated CH-147 for Canadian Forces; and the Mercury Global program.
Through these programs, Boeing continues a history of more than 90
years of creating long-term, high-value opportunities with Canadian
industry. See www.boeing.ca.
About Héroux-Devtek Inc.
Héroux-Devtek Inc. (TSX: HRX) is a Canadian company specializing in the
design, development, manufacture and repair and overhaul of landing
gear systems and components for the Aerospace market. The Corporation
is the third largest landing gear company in the world, supplying both
the commercial and military sectors of the Aerospace market with new
landing gear systems and components, as well as aftermarket products
and services. Approximately 70% of the Corporation's sales are outside
Canada, mainly in the United States. The Corporation's head office is
located in Longueuil, Québec with facilities in the Greater Montreal
area (Longueuil, Laval and St-Hubert); Kitchener and Toronto, Ontario;
as well as Springfield and Cleveland, Ohio.
Except for historical information provided herein, this press release
may contain information and statements of a forward-looking nature
concerning the future performance of the Company. These statements are
based on suppositions and uncertainties as well as on management's best
possible evaluation of future events. Such factors may include, without
excluding other considerations, fluctuations in quarterly results,
evolution in customer demand for the Company's products and services,
the impact of price pressures exerted by competitors, and general
market trends or economic changes. As a result, readers are advised
that actual results may differ from expected results.
SOURCE: HEROUX-DEVTEK INC.
For further information:
President and Chief Executive Officer
Tel.: (450) 679-3330
Martin Goulet, CFA
Tel.: (514) 731-0000