About Héroux-Devtek

Héroux-Devtek Inc., an international company, engages 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. The company is the third largest landing gear company in the world. In the defence market segment, the company supplies landing gear systems, parts and repair and overhaul services for a diversified portfolio of transport aircraft, fighter jets and helicopters in the United States and Europe. For the civil market segment, the company is active in the large commercial, business jet, regional aircraft and helicopter markets. As a result, a significant portion of the company’s sales are made to a limited number of customers located in Canada, the United States and Europe. The company sells to original equipment manufacturers (OEMs), such as Boeing, Airbus, Lockheed Martin, Leonardo, Embraer, Saab and Dassault Aviation; to Tier 1 suppliers, such as Safran Landing Systems and Collins Aerospace; and to end users in the aftermarket where its largest customer is the U.S. Air Force. In fiscal 2023 (year ended March 31, 2023), the company’s four largest customers represented approximately 46% of total consolidated sales, with one customer accounting for 15%. Aside from its ability to manufacture complete landing gear and actuation systems to specification, the company has earned a strong reputation for its outstanding support and service of landing gear and actuation systems for a wide range of defence and civil aircraft, including some out-of-production models. The company manufactures the landing gear system to those instructions provided by the customer. This typically involves sourcing materials, fabricating and machining components, and assembling them into the final product. The company’s comprehensive services encompass maintenance, repair, overhaul, spares provisioning and supply, warranty administration and support, technical publications, as well as on-site technical support and training. The company is strategically located in Canada, the United States, the United Kingdom, and Spain. Supply Contracts The strategy of diversifying the company’s customer base and program portfolio across the civil and defence market segment has proven to provide it with some degree of shelter from the challenges that the industry is facing. Growth Platforms Boeing F/A-18 E/F Super Hornet and EA-18G Growler: Supply, assemble, repair and overhaul the main landing gear and sIde brace production and spares for the F/A-18E/F Super Hornet and EA-18G Growler. Boeing F-15: Supply and assemble the nose and main landing gear for the F-15EX / Advanced F-15 programs for production and spares requirements. Sikorsky CH-53K: Design, develop and supply the landing gear system and tail bumpers for production and spares for the CH-53K King Stallion heavy lift helicopter. Dassault Falcon 6X: Design, develop and supply the complete landing gear system for the Falcon 6X. Global Centres of Excellence With a presence in 4 countries around the world, the company’s 15 Centres of Excellence have proven their agility and resilience in the face of the ever-changing business environment. The company’s global locations has allowed it to work closely with its customers, providing them with tailored solutions that meet their specific needs. History Heroux-Devtek Inc. was founded in 1942. The company was incorporated under the laws of Quebec in 1942.

Country
Industry:
Aircraft Parts and Auxiliary Equipment, Not Elsewhere Classified
Founded:
1942
IPO Date:
08/31/1988
ISIN Number:
I_CA42774L1094
Address:
West Tower, Suite 600, 1111, Saint-Charles Street West, Longueuil, Quebec, J4K 5G4, Canada
Phone Number
450 679 5450

Key Executives

CEO:
Brassard, Martin
CFO
Arsenault, Stéphane
COO:
Data Unavailable