CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

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CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

Current macroeconomic environment very favourable for defence sector contractors

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Héroux-Devtek has built a strong reputation for its ability to support and service landing gear systems and components for a wide range of military and civil aircraft, including several out-of-production aircraft. PHOTO courtesy Héroux-Devtek.

Longueuil, Quebec-headquartered Héroux-Devtek Inc, an international manufacturer of aerospace products, has reported sales of $184.1 million in the fourth quarter, up 18.0% from $156.0 million a year ago.

The company’s fourth quarter ended March 31, 2024.

“I am proud to announce a very strong quarter of sales and profitability. These results were driven by the many measures put in place over the last two years to improve productivity through automation, the stabilization of our production systems and pricing initiatives. I am confident that this marks the beginning of a sustainable trend of improving performance propelled by our great teams who are now better equipped to manage the persistent supply chain issues,” said Martin Brassard, President and CEO of Héroux-Devtek.

Brassard added the current macroeconomic environment is favourable for Héroux-Devtek, especially in the defence sector.

“The demand from prime contractors around the world for our products has never been higher,” Brassard said.

Approximately 94% of the company’s sales are outside of Canada, including about 57% in the United States. With its head office located in Longueuil, Québec, it has facilities in Canada, the United States, the United Kingdom and Spain.

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