What does HRX mean in TORONTO STOCK EXCHANGE
HRX is an abbreviation for Heroux-Devtek Incorporated. It is a publicly-traded Canadian aerospace and defence company located in Longueuil, Quebec that specializes in the design, development, manufacture, repair and overhaul of flight critical components. The company's products serve military aircraft as well as commercial and regional aircraft. It is a major provider of aircraft components to Boeing Commercial Airplanes. HRX also provides maintenance, repair and overhaul (MRO) services for landing gear and other components for civil and military aerospace industry customers around the world.
HRX meaning in Toronto Stock Exchange in Business
HRX mostly used in an acronym Toronto Stock Exchange in Category Business that means Heroux-Devtek Incorporated
Shorthand: HRX,
Full Form: Heroux-Devtek Incorporated
For more information of "Heroux-Devtek Incorporated", see the section below.
Business Profile
HRX was founded in 1942 as Heroux Machine Company Limited by Marcel Heroux to produce precision parts for regional manufacturers in Montreal. Since then, the Company has broadened its capabilities to provide world-class services and products for their customers with over 60 years of experience. HRX specializes in large-scale parts production such as high precision machining services, fabrication of sources and subassemblies, laser welding services, product assembly, non-destructive testing services (NDT), heat treatment process control, and expert engineering consultations on aircraft technology platforms. Their products can be found on various commercial airplanes from Boeing C17 Globemaster III cargo transporter to Boeing 787 Dreamliner passenger jet. Furthermore, HRX offers MRO services focused on landing gear applications which include engineering services related to troubleshooting issues or developing modifications for these systems.
Products & Services
HRX’s products range from simple machined parts to complex assemblies with many variable sizes. These include light metal forgings such as turbine compressor disks made from titanium or aluminum alloys which are typically used in engines or wings; structural components including fuselage frames made with large sheet metal parts; hydraulically actuated integrated actuator drive mechanisms (HIDAMS); cabin interior items such as storage compartments; turbine blade castings; nacelles; landing gear actuators; auxiliary power units (APU)s assemblies; electronic boxes / control panels meant to measure temperature / pressure within an engine/wing area ; exterior lighting systems made up of LED lights mounted onto wings/fuselage of airplanes ; pneumatic systems assemblies; etcetera. HRX also offers MRO services throughout their network of approved suppliers which includes inspection, assembly/disassembly repairs and overhauls according to customer service requirements maintaining highest standard of safety standards . Additionally they develop customized solutions tailored perfectly for each customer needs which involve assistance at step ranging from concept analysis through component manufacturing to life cycle management support throughout its entire lifespan.
Essential Questions and Answers on Heroux-Devtek Incorporated in "BUSINESS»TSX"
What kind of company is Heroux-Devtek Incorporated?
Heroux-Devtek Incorporated is an aerospace and defence products manufacturer, specifically specializing in the design, development, production, and repair & overhaul of landing gear systems and components for the aviation industry.
Where is Heroux-Devtek Incorporated located?
Heroux-Devtek Incorporated's main operations are located in Longueuil, Quebec and six manufacturing plants in the United States and Mexico.
What engineering services does Heroux-Devtek offer?
Heroux-Devtek offers engineering services to customers including landing gear system design analysis and certification support; design of hydraulic actuators; component detail design; system integration; test equipment design and fabrication; Failure Mode Effects Analysis (FMEA); development testing; flight test support; technical publications; and training simulator development.
What products does Heroux-Devtek manufacture?
Heroux-Devtek manufactures landing gear systems for commercial aircrafts including Boeing 737 series, Airbus A320 family as well as regional aircraft such as Beechcraft King Air series. Additionally they manufacture Actuation Systems, Suspension Systems, Brake Systems, Wheels & Brakes subsystems for various military planes.
Does Heroux Devtek provide maintenance services?
Yes, Hermes Devtek provides maintenance services for its products which includes complete overhauls or repairs for all their manufactured goods. The company also specializes in integrated logistics support (ILS) which covers all areas relating to product life cycle support such as fleet management programs and inventory control programs.
Who are some of the partners that collaborate with Heroux Devtek Incorporated?
Some major companies that collaborate with Hermes Devtek include Airbus Group SE, Boeing Commercial Airplanes Company, Saab AB Aerospace Deliarmente LLC., Lockheed Martin Aeronautics Company among others.
Does Heroux Devtek have any specialized certifications or accreditations?
Yes, Hermes Devtek is AS9100 Rev C accredited in addition to several other individual certifications from its clientele like ABS Quality Evaluations ISO 9001 which demonstrates its commitment to quality production standards. Additionally they also have Nadcap accreditation for specific processes such as chemical processing.
Does Hermes Devteks’s employees participate in any special incentives or reward programs?
Yes, Hermes Devteks provides attractive rewards and incentives programs for its employees such as Employee Recognition Program (ERP), career growth opportunities within the organization along with education assistance program.
Final Words:
Heroux-Devtek Incorporated (HRX) is an established leader in the aerospace market that specializes in supplying precision parts at very competitive rates for both civil aviation sector as well as military aviation industry globally while creating jobs & economic growth within North America region . Its product line covers wide range from simple machined parts to complex structural assemblies with many variable sizes that are used on new prototypes being developed or servicing existing fleet . Moreover , knowledgeable staff & team ensure complete customer satisfaction by providing reliable Maintenance Repair & Overhaul Services (MRO ) support keeping safety & quality standards uncompromised during entire lifecycle of any designed product or system . Therefore , HRX has earned reputation from its expertise & continues setting benchmarks across aerospace industry worldwide.