HÉROUX-DEVTEK IS AWARDED MULTI-YEAR CONTRACT FROM BOMBARDIER FOR STRUCTURAL DETAIL COMPONENTS, KITS AND ASSEMBLIES

$175-million agreement covers entire portfolio of commercial and business aircraft

LONGUEUIL, QC, Feb. 8 /CNW Telbec/ - Héroux-Devtek Inc. (TSX:HRX), a leading Canadian manufacturer of aerospace and industrial products, today announced that its Aerostructure product line was awarded a seven-year contract by Bombardier Aerospace to manufacture structural detail components that encompass Bombardier's entire portfolio of commercial and business aircraft, including new programs such as the CSeries* aircraft and Learjet 85* business jet. 

Under the terms of the agreement, Héroux-Devtek will fabricate, assemble and deliver over 300 structural detail components such as wing spars, wing ribs, fuselage frames and other complex structural components. At anticipated aircraft production rates, Héroux-Devtek estimates the value of this contract at over Cdn$175 million.

"This long-term contract is reflective of the dedication and quality of our people at the Dorval facility," said Rick Rosenjack, Vice-President and General Manager of Héroux-Devtek's Aerostructure Division. "The relationship and resulting business with Bombardier have enabled Héroux-Devtek to make significant investments in state-of-the-art machining technology, improving both the manufacturing performance and capability of the Dorval facility."

"Bombardier Aerospace is a world-class customer for Héroux-Devtek, and we are pleased to have won significant contracts in both our Landing Gear and Aerostructure product lines," added Gilles Labbé, President and Chief Executive Officer of Héroux-Devtek. "Our two organizations have enjoyed a long-standing relationship and have worked diligently together to build on this association. We are excited that Bombardier Aerospace has elected to further expand the scope of our relationship with our Aerostructure product line."

"Héroux-Devtek has positioned itself as a trusted source for structural detail components, and Bombardier is looking forward to further developing its relationship with Héroux-Devtek," said Jocelyn Lecomte, Director, Supply Chain, Bombardier Aerospace.

Janice Davis, Chief Procurement Officer, Bombardier Aerospace, emphasized that this new contract is a great example of how Québec-based companies, fully engaged in their continuous improvement and committed to collaborating with their customers on improving competitiveness, will secure and strengthen a long-term relationship with Bombardier and beyond.

About Héroux-Devtek Inc.
Héroux-Devtek Inc. (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 Inc. 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 Montréal area (Longueuil, Dorval, Laval and St-Hubert); Kitchener and Toronto, Ontario; Arlington, Texas; as well as Springfield, Cleveland and Cincinnati, Ohio.

Forward-Looking Statement
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.

*Learjet 85 and CSeries are registered or unregistered trademarks of Bombardier Inc. or its subsidiaries.


SOURCE HEROUX-DEVTEK INC.

For further information:

From:  


Héroux-Devtek Inc.
Gilles Labbé
President and Chief Executive Officer
Tel.: (450) 679-3330
Contact: 

Héroux-Devtek Inc.     
Martin Goulet, CFA
Tel.:  (514) 731-0000

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