|Heroux-Devtek wins F-35 Lightning Contract||Apr. 13, 2009|
|Héroux-Devtek, a leading Canadian manufacturer of aerospace and industrial products, head quartered in Quebec, has announced that Lockheed Martin Aeronautics Company has awarded the aerostructure division of Héroux-Devtek (Progressive Inc.), another multi-year contract to manufacture complex structural machined parts and assemblies for the F-35 Lightning II aircraft (Joint Strike Fighter).
Under the terms of the agreement, Progressive, located in Arlington, Texas, will fabricate, assemble and deliver complex structural components and assemblies for the outer wing, inner wing, and forward fuselage for all three F-35 variants in support of Low Rate Initial Production (LRIP) lots 3 through 7 over the next five years. The F-35 aircraft quantity will ramp up throughout this period, with production rates currently planned to exceed 100 aircraft per year near the end of this contract.
This contract begins in the second half of 2009 and continues through the first half of 2014, at which time the F-35 program enters its first multi-year procurement phase. Based on best estimated quantity production rates, the value of the contract is estimated to be in excess of Cdn$50 million. This latest mandate is in addition to a Cdn$135 million, multi-year contract awarded in 2007 for forged aluminum bulkheads and other complex components.
"This agreement confirms our status as the largest F-35 aerostructure supplier for Lockheed Martin and further highlights our solid business relationships and proven reputation for superior quality and customer service." said Gilles Labbé, President and Chief Executive Officer of Héroux-Devtek.