Héroux-Devtek renews important contract with Bell Helicopter
July 17, 2014, Farnborough, U.K. - Héroux-Devtek Inc. has announced that it has renewed an important multi-year contract with Bell Helicopter for the manufacturing of components and assemblies for several helicopter programs.
Under the terms of the agreement, Héroux-Devtek will manufacture the main rotor hub and the tail rotor hub for the new Bell 505 Jet Ranger X, as well as for the 206B and 206L helicopter models. Héroux-Devtek will also manufacture tail rotor hubs, as well as other drive system components, for the 212, 407 and 412 aircraft. The contract renewal spans a five-year period ranging from calendar year 2015 through calendar year 2019 and calls for the production of components for new aircraft and the aftermarket. Based on current program expectations, the total value of this multi-year agreement could exceed $46 million.
"The renewal of this important multi-year contract broadens the scope of Héroux-Devtek's longstanding relationship with Bell Helicopter to include the new 505 Jet Ranger X aircraft. We are proud to provide high-quality components and assemblies to Bell Helicopters' extensive aircraft portfolio and expanding our long-term agreement to a new program allows us to leverage our expertise, thus creating more value for our customers and shareholders," said Gilles Labbé, President and Chief Executive Officer of Héroux-Devtek.