Heroux-Devtek Inc - Company Profile
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Heroux-Devtek Inc (Heroux-Devtek) is a designer, developer, manufacturer and marketer of hydraulic systems, fluid filtration systems, landing gear products, actuation systems and electronic enclosures. The company also provides cabinets and heat exchangers. Its capabilities include provision of spare parts, issue resolution, repair and overhaul of landing gear systems and components, and aftermarket products and services. It supplies landing gear to both the commercial and defence sectors of the Aerospace industry all over the world. The company operates across the US, the UK, Canada, and other countries. Heroux-Devtek is headquartered in Longueuil, Quebec, Canada.
Headquarters
Canada
Address
Suite 600, 1111 Rue Saint-Charles Street West, West Tower, Longueuil, Quebec, J4K5G4
Website
www.herouxdevtek.com/en
Telephone
1 450 6795450
No of Employees
1,806
Industry
Aerospace and Defense
Ticker Symbol & Exchange
HRX (TSE)
Revenue (2023)
$417.7M
1.4%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
-57.5%
(2023 vs 2022)
Market Cap*
$487.6M
Net Profit Margin (2023)
XYZ
-58.2%
(2023 vs 2022)
* As of and is in US$
Heroux-Devtek Inc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Landing Gear Systems and Components | Technical Support |
| Electronic Enclosures | MRO Services |
| Heat Exchangers | AOG and Product Support |
| XYZ | |
| XYZ | |
| XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In November, the company secured a contract from ITP Aero for definition, manufacture, and validation of a nozzle actuator technological demonstrator for the Next Generation Fighter Engine. |
| 2022 | Contracts/Agreements | In August, the company announced it got a contract of overhaul of landing gear and side braces for the F/A-18 E/F Super Hornets and EA-18G Growlers from Boeing. |
| 2021 | Contracts/Agreements | In November, the company announced a six-year extension of its contract with Boeing to supply complete landing gear systems for the Boeing 777 and 777X family. |
Competitor Comparison
| Key Parameters | Heroux-Devtek Inc | Safran SA | Signature Aviation Ltd | Triumph Group Inc | Magellan Aerospace Corp |
|---|---|---|---|---|---|
| Headquarters | Canada | France | United Kingdom | United States of America | Canada |
| City | Longueuil | Paris | London | Radnor | Mississauga |
| State/Province | Quebec | Ile-de-France | England | Pennsylvania | Ontario |
| No. of Employees | 1,806 | 83,276 | 5,300 | 445 | 3,500 |
| Entity Type | Public | Public | Private | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Gilles Labbe | Director; Chairman | Executive Board | 2019 | - |
| Martin Brassard | Chief Executive Officer; President; Director | Executive Board | 2019 | - |
| Stephane Arsenault | Chief Financial Officer; Vice President | Senior Management | 2013 | - |
| Beverly Wyse | Director | Non Executive Board | 2019 | - |
| James J. Morris | Director | Non Executive Board | 2013 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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