Last C$10.93 CAD
Change Today -0.14 / -1.26%
Volume 7.9K
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As of 3:59 PM 08/20/14 All times are local (Market data is delayed by at least 15 minutes).

heroux-devtek inc (HRX) Snapshot

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heroux-devtek inc (HRX) Details

Héroux-Devtek Inc. engages in the design, development, manufacture, repair, and overhaul of landing gear systems and components for the commercial and military sectors of the aerospace market primarily in the United States, Europe, and Canada. It offers new landing gear systems and components, as well as aftermarket products and services, including spare parts, and repair and overhaul services. The company also provides parts and services for major military aircraft in the United States and Europe. In addition, it manufactures electronic enclosures, heat exchangers and cabinets for airborne radar, electro-optic systems, and aircraft controls; provides fluid filters for aircraft engines; and designs, engineers, and manufactures landing gear, and hydraulics and assemblies for original equipment manufacturer and aftermarket applications. Further, it serves large commercial and business jet, regional aircraft, and helicopter markets in the commercial sector. Héroux-Devtek Inc. sells its products primarily to original equipment manufacturers and second-tier system suppliers, as well as US Air Force, U.S. Navy, Canadian Air Force, and NATO countries. The company was formerly known as Heroux Inc. and changed its name to Héroux-Devtek Inc. in 2000. Héroux-Devtek Inc. was founded in 1942 and is headquartered in Longueuil, Canada.

Founded in 1942

heroux-devtek inc (HRX) Top Compensated Officers

Chief Executive Officer, President and Non-In...
Total Annual Compensation: C$430.8K
Chief Financial Officer
Total Annual Compensation: C$194.2K
Executive Vice-President of Business Developm...
Total Annual Compensation: C$291.6K
Vice-President of Landing Gear Division and G...
Total Annual Compensation: C$291.5K
Vice-President and Longueuil Plant Manager
Total Annual Compensation: C$185.9K
Compensation as of Fiscal Year 2014.

heroux-devtek inc (HRX) Key Developments

Heroux-Devtek Inc. Receives Multi-Year Contract to Manufacture Torque Tubes for the Boeing 787 Dreamliner

Heroux-Devtek Inc. announced that it has been awarded a multi-year contract to manufacture torque tubes for the Boeing 787 Dreamliner. Under the terms of the agreement, which represents new business for Heroux-Devtek, shipments are scheduled to begin in early calendar year 2015. The manufacturing of these components will be carried out at its Laval, Quebec facility. Production of the 787 will increase from the current rate of 10 airplanes per month to 12 in 2016 and to 14 by the end of the decade. As of July 31, 2014, the backlog for the 787 stood at 869 aircraft. This contract for the 787 Dreamliner is aligned with Boeing's 90-year history and long-term commitment to work with Canadian industry in areas of high value. This contract was awarded to Heroux-Devtek based on capabilities and competitiveness, including how this work will support fulfillment of Boeing's commitment to Canada's Industrial & Regional Benefits (IRB) policy. Canada's IRB policy requires prime contractors such as Boeing to make investments in the Canadian economy as a result of winning defense and security contracts with the Government of Canada. Boeing has several current IRB programs and is actively engaged in the pursuit of new opportunities that if successful, would generate additional obligations. This contract is another example of the synergy created when IRB's give Canadian firms the opportunity to provide Boeing with the best product at the best value.

Heroux-Devtek Inc. Announces Unaudited Consolidated Earnings Results for the First Quarter Ended June 30, 2014

Heroux-Devtek Inc. announced unaudited consolidated earnings results for the first quarter ended June 30, 2014. For the quarter, the company reported sales of CAD 86,408,000 compared to CAD 62,972,000 a year ago. Adjusted EBITDA was CAD 10,360,000 compared to CAD 7,747,000 a year ago. Adjusted net income was CAD 3,756,000 or CAD 0.12 per basic and diluted share compared to CAD 2,814,000 or CAD 0.09 per basic and diluted share a year ago. Net income was CAD 3,500,000 or CAD 0.11 per basic and diluted share compared to CAD 2,814,000 or CAD 0.09 per basic and diluted share a year ago. The decrease in adjusted EBITDA as a percentage of sales is due to a loss on currency translation of net monetary items denominated in foreign currencies of CAD 0.4 million this year, as opposed to a CAD 0.5 million gain last year.

Heroux-Devtek Inc. to Report Q1, 2015 Results on Aug 07, 2014

Heroux-Devtek Inc. announced that they will report Q1, 2015 results at 9:00 AM, Eastern Standard Time on Aug 07, 2014


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