Israel Aerospace Industries - LAHAV Division ("IAI") and Héroux-Devtek Sign Ten Year Contract for Military Aircraft Components

    Agreement covers components for IAI's production for F-15 and F-16
    Aircraft

    ARLINGTON, TX, May 15 /CNW Telbec/ - Héroux-Devtek Inc. (TSX:HRX), a
leading Canadian manufacturer of aerospace and industrial products, today
announced that the LAHAV Division of Israel Aerospace Industries (IAI-LAHAV)
has awarded Progressive Incorporated ("Progressive"), a business unit of
Héroux-Devtek's Aerostructure Division, a ten year contract to manufacture
structural detail components being used in IAI's production of F-15 and F-16
structural assemblies.
    Under the terms of the agreement, Progressive, based in Arlington, Texas,
will fabricate, assemble and deliver over 50 aluminum and titanium structural
detail components such as spars, ribs, and fitting assemblies. This contract
is effective immediately and continues through December 2018. The first
purchase order was released at a value of approximately $1 million for the
remainder of calendar year 2008. Under the terms of the agreement, future
purchase orders will be released on an annual basis, with the total contract
value possibly exceeding $10 to $12 million.
    "We are excited that Israel Aerospace Industries has put their confidence
in Progressive for this important contract," said Rick Rosenjack,
Vice-President and General Manager of Héroux-Devtek's Aerostructure Division.
"With potential for additional business from IAI, we look forward to
delivering to our commitment and earning the right to grow with this major
customer. This further illustrates Héroux-Devtek's growing global reputation
and underlines the confidence manufacturers place with us for such strategic
programs."
    "Progressive is a proven supplier for the military aircraft platforms,"
said Shimon Etedgi, Director of Procurement for IAI's Lahav Division. "Their
experience in manufacturing critical aircraft components was a key reason for
their selection."

    About Héroux-Devtek

    Héroux-Devtek (TSX: HRX), a Canadian company, serves two main market
segments: Aerospace and Industrial Products, specializing in the design,
development, manufacture and repair 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, Laval and
Rivière-des-Prairies); Kitchener and Toronto, Ontario; Arlington, Texas and
Cincinnati, Ohio.

    About IAI's LAHAV Division

    IAI-LAHAV is a world recognized Build-to-Print (BTP)/Build-to-Spec (BTS)
production house, producing Wing boxes, Vertical Stabilizers, Conformal Fuel
Tanks (CFT), Cockpit Side Panels (CSP) and Access Doors, mainly for western
platforms such as F16 and F15 Aircrafts. In addition, IAI-LAHAV specializes in
upgrading a wide range of Eastern and Western military aircraft and
helicopters. These upgrades provide unique solutions for enhanced capabilities
and mission performance.

    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: Héroux-Devtek Inc.: Gilles Labbé, President and
Chief Executive Officer, (450) 679-3330; MaisonBrison: Martin Goulet, CFA,
(514) 731-0000