International manufacturer of aerospace products HÃ©roux-Devtek Inc. (TSX: HRX) has extended a preferred supplier agreement with a leading aerospace systems manufacturer.
The extension spans a five-year period through the end of calendar year 2023.
The strategic agreement is accompanied by orders to manufacture major, complex landing gear components for three large commercial aircraft programs. Based on current expectations for these three programs, the total value of this multi-year agreement could reach up to USD 100 million.
Production will be mainly carried out at the corporation´s facilities located in Kitchener, Ontario and Laval, QuÃ©bec.
HÃ©roux-Devtek is an international company specializing in the design, development, manufacture and repair and overhaul of landing gear and actuation systems and components for the aerospace market.