Héroux-Devtek Major Multi-Year Agreement With Boeing For The Manufacture Of Components - In Spain...
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October 10, 2020 - by Héroux-Devtek Inc.
LONGUEUIL - Héroux-Devtek Inc. (TSX: HRX) ("Héroux-Devtek" or the "Corporation"), a leading international manufacturer of aerospace products and the world's third-largest landing gear manufacturer, proudly announced today that its CESA subsidiary in Spain has been awarded a major multi-year contract by The Boeing Company to manufacture new actuation components for several commercial aircraft platforms.
The contract scope will include the supply of production requirements and spare parts for the 787, 777, 777X, 767 (including the Tanker version), and 747.
"I am very proud of our team in Spain for the hard work they put in to winning this contract. It is the largest actuation supply agreement ever for Héroux-Devtek and sparks the beginning of the realization of the cross-selling opportunities we saw in the CESA acquisition. I have no doubt that our team will build on our great relationship with Boeing by delivering the same excellent quality in our products for the actuation market segment that we have demonstrated in our landing gear systems," said Héroux-Devtek President & CEO, Martin Brassard.
This marks the largest contract for Héroux-Devtek Spain since the acquisition of Compañia Española de Sistemas Aeronáuticos, S.A.U. ("CESA") in October 2018 and is among the most important supply agreements in CESA's history.
This award has also led to full qualification by Boeing of CESA's design capabilities and special processes, enabling further potential opportunities.
ABOUT HÉROUX-DEVTEK Héroux-Devtek Inc. (TSX: HRX) is an international company specializing in the design, development, manufacture, repair and overhaul of aircraft landing gear, hydraulic and electromechanical 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 53% in the United States.
The Corporation's head office is located in Longueuil, Québec with facilities in Canada, the United States, the United Kingdom and Spain.