Héroux-Devtek Applauds the First Flight of the Learjet 85 Aircraft
Landing gear designed and developed by Héroux-Devtek
LONGUEUIL, QC, April 10, 2014 /CNW Telbec/ - Héroux-Devtek Inc. (TSX: HRX), ("Héroux-Devtek" or the "Corporation"), a leading Canadian manufacturer of aerospace products, congratulates Bombardier Aerospace for the first flight of the Learjet 85* aircraft in Wichita, Kansas, on April 9, 2014. Héroux-Devtek's engineering team has designed, developed and tested the landing gear for the Learjet 85 aircraft through a contract that also includes the provision of spare parts.
"Héroux-Devtek is thrilled that the Learjet 85 aircraft has taken to the skies. This is an important milestone for the program, as it continues to progress towards certification. We have been supporting Bombardier Aerospace through the various phases leading to this important moment and we are looking forward to the production phase to further demonstrate our world-class capabilities," said Gilles Labbé, President and Chief Executive Officer of Héroux-Devtek.
Héroux-Devtek Inc. (TSX: HRX) is a Canadian company specializing in the design, development, manufacture and repair and overhaul of landing gear and actuation systems and components for the Aerospace market. The Corporation is the third largest landing gear company worldwide, supplying both the commercial and military sectors of the Aerospace market with new landing gear systems and components, as well as aftermarket products and services. The Corporation also manufactures electronic enclosures, heat exchangers and cabinets for suppliers of airborne radar, electro-optic systems and aircraft controls through its Magtron operations. On a pro forma basis, approximately 75% of the Corporation's sales are outside Canada, including 50% in the United States. The Corporation's head office is located in Longueuil, Québec with facilities in the Greater Montreal area (Longueuil, Laval and St-Hubert); Kitchener and Toronto, Ontario; Springfield and Cleveland, Ohio; Wichita, Kansas; and Runcorn, Nottingham and Bolton, United Kingdom.
*Trademarks of Bombardier Inc. or its subsidiaries
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 Corporation. 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 Corporation'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.
SOURCE Héroux-Devtek Inc.For further information:
President and Chief Executive Officer
Tel.: (450) 679-3330
Martin Goulet, CFA
Tel.: (514) 731-0000