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

LONGUEUIL, Québec, April 08, 2019 (GLOBE NEWSWIRE) -- Héroux-Devtek Inc. (TSX: HRX) (“Héroux-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 Héroux-Devtek,” said Héroux-Devtek President & CEO, Gilles Labbé.

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.

Héroux-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 Héroux-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

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 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, Québec 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:

Héroux-Devtek Inc.
Stéphane Arsenault
Vice President and Chief Financial Officer
Tel.: (450) 679-3330
Investor Relations
Danielle Ste-Marie
Ste-Marie Strategy & Communications Inc.
Mobile : (514) 465-6701
IR@heroux-devtek.com
View source version on GlobeNewswire: http://www.globenewswire.com/news-release/2019/04/08/1798922/0/en/H%C3%A9roux-Devtek-Awarded-Contract-to-Support-Boeing-s-MQ-25-Unmanned-Tanker-for-the-U-S-Navy.html