HÉROUX-DEVTEK SIGNS LONG-TERM AGREEMENT WITH DASSAULT AVIATION ON NEW
BUSINESS JET PROGRAM
PARIS, Nov. 26 /CNW Telbec/ - Héroux-Devtek Inc. (TSX: HRX), a leading Canadian manufacturer of aerospace and industrial products, today announced that the French aircraft manufacturer Dassault Aviation ("Dassault") has awarded its Landing Gear product line operations a contract to provide the landing gear for a new business jet program.
Under the terms of the long-term agreement, Héroux-Devtek will design, develop, fabricate, assemble, qualify and participate in the certification of the landing gear and actuation system for the new aircraft. This life-cycle mandate also includes the provision of spare parts.
"This contract further confirms Héroux-Devtek as a major player in the design and development of landing gear for business aircraft programs and we are very proud to have been selected for this important project," said Martin Brassard, Vice-President and General Manager of Héroux-Devtek's Landing Gear product line. "This new contract reaffirms the strength of our engineering team and its ability to gradually expand its technological know-how to new applications."
"In keeping with its strategic objectives, Héroux-Devtek's portfolio of proprietary products continues to grow," said Gilles Labbé, President and Chief Executive Officer of Héroux-Devtek. "This fourth design and development contract won since 2007, and third in the business jet category, reinforces our reputation in this market. More importantly, Héroux-Devtek continues to broaden its international reach as Dassault is a new world-class customer and we are looking forward to build a longstanding relationship between our two organizations."
About Héroux-Devtek, Inc.
Héroux-Devtek (TSX: HRX), a Canadian company, serves two main market segments: Aerospace and Industrial Products, specializing in the design, development, manufacture and repair and overhaul of related systems and components. Héroux-Devtek supplies both the commercial and military sectors of the Aerospace segment with landing gear systems (including spare parts, repair and overhaul services) and airframe structural components. The Company also supplies the industrial segment with large components for power generation equipment and precision components for other industrial applications. Approximately 70% of the Company's sales are outside Canada, mainly in the United States. The Company's head office is located in Longueuil, Québec with facilities in the Greater Montreal area (Longueuil, Dorval and Laval); Kitchener and Toronto, Ontario; Arlington, Texas; as well as Springfield, Cleveland and Cincinnati, Ohio.
Forward-Looking Statements
Except for historical information provided herein, this press release may contain information and statements of a forward-looking nature concerning the future performance of the Company. These statements are based on suppositions and uncertainties as well as on management's best possible evaluation of future events. Such factors may include, without excluding other considerations, fluctuations in quarterly results, evolution in customer demand for the Company's products and services, the impact of price pressures exerted by competitors, and general market trends or economic changes. As a result, readers are advised that actual results may differ from expected results.
For further information:
From: | Héroux-Devtek Inc. Gilles Labbé President and Chief Executive Officer Tel.: (450) 679-3330 |
Contact: |
MaisonBrison Martin Goulet, CFA Tel.: (514) 731-0000 |
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