Héroux-Devtek lands multi-year landing gear contract
Seven-year agreement for Lockheed Martin C-130j Aircraft worth $70-million.Comments Off on Héroux-Devtek lands multi-year landing gear contract
Le Bourget, France — Canadian aerospace manufacturer, Héroux-Devtek Inc., announced that it has been awarded a seven-year contract by Lockheed Martin Aeronautics Company to manufacture the landing gear for the C-130J Super Hercules aircraft.
Under the terms of the agreement, Héroux-Devtek will manufacture and assemble the landing gear for Lockheed Martin’s global production of C-130J aircraft and provide spare parts over a seven-year period beginning in January 2012. Based on current program expectations, the contract has a potential total value of approximately $70 million, the company says.
Following procurement of 17 aircraft by the Government of Canada, known as CC-130J for the Canadian Forces, as well as by other nations around the world, production of the C-130J aircraft is expected to rapidly ramp-up over the short-to-mid-term. This contract is also part of Canada’s Industrial and Regional Benefits (“IRB”) Policy.
“Héroux-Devtek has been actively involved for over 25 years on this highly successful program,” said Gilles Labbé, President and Chief Executive Officer of Héroux-Devtek.. “Moreover, we have developed a proven expertise over the last 15 years as a reliable manufacturer of new C-130J landing gear, recognized for our solid performance, high quality and on-time deliveries. This strategic long-term contract further demonstrates our leadership in the military landing gear market. Héroux-Devtek is proud to support Lockheed Martin by further contributing to the longest continuous military production program in history.”