$175-million agreement covers entire portfolio of commercial and
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.
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:
President and Chief Executive Officer
Tel.: (450) 679-3330
|Héroux-Devtek Inc. |
Martin Goulet, CFA
Tel.: (514) 731-0000