Héroux-Devtek is awarded renewal of multi-year contract in excess of $110 million for structural detail components



    Agreement covers entire portfolio of Bombardier's Regional and Business
    aircraft

    LONGUEUIL, QC, Jan. 28 /CNW Telbec/ - Héroux-Devtek Inc. (TSX: HRX), a
leading Canadian manufacturer of aerospace and industrial products, today
announced that its Aerostructure Division was awarded, by Bombardier
Aerospace, a five year contract to manufacture structural detail components
that encompass Bombardier's entire portfolio of Regional and Business
aircraft. The agreement, which extends and broadens the current mandate,
represents the single largest contract from Bombardier in Héroux-Devtek's 65
year history.
    Under the terms of the agreement, Héroux-Devtek will fabricate, assemble
and deliver over 200 structural detail components such as spars, ribs, frame
and engine mounts, spanning Bombardier's range of regional and business
aircraft. This contract is effective immediately and continues through
December 2012 with a relatively consistent revenue stream through the entire
period. At current aircraft production rates, the value of this contract is
estimated at over Cdn$110 million.
    "This significant contract underlines the commitment of our people, our
Dorval facility's leadership team, and the entire Héroux-Devtek organization
which has made significant investments in state-of-the-art machining
technology at the Dorval site," said Rick Rosenjack, Vice-President and
General Manager of Héroux-Devtek's Aerostructure Division. "We are excited
that Bombardier has chosen to grow with our Aerostructure Division."
    "Bombardier has a world-class portfolio of aircraft and we are pleased to
be recognized, through this agreement, as a key part of their long term
success," stated Gilles Labbé, President and Chief Executive Officer of
Héroux-Devtek. "Héroux-Devtek and Bombardier Aerospace have enjoyed a
long-term relationship and have worked diligently together to further build
our association. This latest agreement is a testament to the strength of our
business relationship with Bombardier and to the mutual respect and trust that
the two organizations enjoy."
    "Participation in several joint strategic initiatives with Bombardier has
ascertained Héroux-Devtek's position as a supplier of choice for Bombardier,"
said Marie-Helene Pelletier, Director, Supply Chain, Bombardier Aerospace. "By
establishing a collaborative relationship, Héroux-Devtek has positioned itself
as a trusted source for structural detail components. Bombardier looks forward
to working closely with Héroux-Devtek," Mrs. Pelletier added.

    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.

    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.




For further information:

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

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