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Héroux-Devtek to invest $90M for Boeing contract

Network expansion, new equipment for complete landing gear contract.


Investment plans include new machinery and equipment. Photo: Heroux-Devteck

Investment plans include new machinery and equipment.
Photo: Heroux-Devtek

LONGUEUIL, Que. — Héroux-Devtek Inc. is putting $90 million towards a long-term contract to supply Boeing Co. with complete landing gear systems for its 777 and 777x aircraft.

Deliveries are scheduled to begin in early 2017.

The manufacturer of aerospace products based in Longueil, Que., said its capital investment plan spanning the fiscal years ending on March 31, 2015 and 2016 will include the expansion of the existing facility network as well as investments in machinery and equipment for component manufacturing and system assembly.

Héroux-Devtek said the investments are in addition to planned regular maintenance capital investments currently projected at approximately $30 million over this two-year period.

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