- Héroux-Devtek Inc. (TSX:HRX) has been awarded a development contract by world-leading aero engine manufacturer ITP Aero
- This agreement entails the definition, manufacture and validation of a nozzle actuator technological demonstrator for the next generation fighter engine, which will power the next generation weapon system / future combat aircraft system (NGWS/FCAS)
- The contract will be executed by Héroux-Devtek’s Spanish subsidiary, Compañía Española De Sistemas Aeronáuticos, S.A.U. (CESA), over 27 months
- Héroux-Devtek Inc. last traded at C$15.28 per share
Héroux-Devtek Inc. (TSX:HRX) has been awarded a development contract by world-leading aero engine manufacturer ITP Aero.
This agreement entails the definition, manufacture, and validation of a nozzle actuator technological demonstrator for the next generation fighter engine, which will power the next generation weapon system/future combat aircraft system (NGWS/FCAS).
The contract, to be executed by Héroux-Devtek’s Spanish subsidiary Compañía Española De Sistemas Aeronáuticos, S.A.U. (CESA), will span 27 months and encompasses activities such as trade-offs, pioneering new technologies for a nozzle actuator, and the production of several demonstrator components, including partial and complete assemblies for testing on an engine test bench.
“This contract represents a significant milestone for Héroux-Devtek in Spain as it confirms our onboarding to the FCAS program,” Martin Brassard, president and CEO of Héroux-Devtek, said in a news release. “It also stands as a testament to the enduring, successful partnership between CESA and ITP Aero, which has thrived since our collaboration on the EJ200 for the Eurofighter program. The FCAS Phase 1B project is not just a contract, it’s an opportunity to push the boundaries of aerospace technology and contribute to the future of aviation. Our Spanish subsidiary is eager to define the requirements and develop the advanced technologies needed to create this revolutionary aircraft.”
Héroux-Devtek Inc. specializes in the design, development, and manufacturing of aerospace and defense products. The company’s offerings include landing gear systems, airframe structural components, and hydraulic systems, catering to domestic and international military markets. With a focus on innovative solutions, Héroux-Devtek Inc. serves military and commercial aerospace markets.
Héroux-Devtek Inc. last traded at C$15.28 per share and its stock is up more than 27 per cent since this time, last year.
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