LONGUEUIL, QC, Nov. 19, 2012 /CNW Telbec/ - Héroux-Devtek Inc. (TSX:
HRX) a leading Canadian manufacturer of aerospace products, today
announced that its Landing Gear products operations have been awarded a
multi-year contract from The Boeing Company (NYSE: BA) to manufacture
the landing gear for the H-47 Chinook medium-to-heavy-lift helicopter.
Under the terms of the agreement, Héroux-Devtek will fabricate the
landing gear for all Chinook aircraft destined to the U.S. Army.
Landing gear deliveries are scheduled to begin in the first half of
calendar 2014 and will be spread out over a five-year period. Current
program expectations call for the delivery of 155 aircraft to the U.S.
Army over the contracted period. The contract also includes options,
exercisable at Boeing's discretion, to fabricate the landing gear for
up to 150 additional aircraft over the same period.
This new long-term contract is the third agreement actively involving
Héroux-Devtek on the H-47 program. The first announcement, in September
2009, was in regards to the fabrication, assembly, testing and delivery
of the landing gear for H-47F aircraft delivered to customers outside
the United States, including the CH-147, as it is known for the
Canadian Forces. The second agreement, announced in September 2012, was
for a license allowing the Corporation to offer its services to
fabricate replacement parts and carry out repair and overhaul services
for the landing gear of all Chinook variants.
"Héroux-Devtek is proud to have been selected to carry out this
significant mandate which further increases our reach on the H-47
program," said Gilles Labbé, President and CEO of Héroux-Devtek. "This
additional contract firmly positions Héroux-Devtek as the leading
landing gear supplier on this important and longstanding program. We
are delighted that Boeing recognizes our capability to manufacture
high-quality, complete landing gear assemblies, while also showing full
confidence in our ability to efficiently respond should options be
The H-47F Chinook is a multi-mission, medium-to-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 defense forces.
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.