Héroux-Devtek Obtains Another Multi-Year Contract for the F-35 Lightning II - Agreement covering electronic chassis components worth over Cdn$10 million



    LE BOURGET, France, June 16 /CNW Telbec/ - Héroux-Devtek Inc. (TSX:HRX),
a leading Canadian manufacturer of aerospace and industrial products, today
announced that Noranco Inc. has awarded the Aerostructure Division of
Héroux-Devtek (Magtron), a multi-year contract related to electronic chassis
components for the F-35 Lightning II aircraft (Joint Strike Fighter).
    Under the terms of the agreement, Magtron, located in Toronto, Ontario,
will perform operations, including brazing, heat treatment, and testing of
complex avionic housings for all three F-35 variants over the next eight
years. The F-35 aircraft quantity will ramp up throughout this period, with
production rates currently planned to exceed 200 aircraft per year near the
end of this contract. This contract begins in calendar 2010 and continues
through 2017. Based on best estimated quantity production rates, the value of
the contract is estimated to be in excess of Cdn$10 million.
    As part of the agreement, Magtron will become Nadcap certified for the
various processes involved in the manufacture of the Noranco products. Nadcap
is the leading, worldwide cooperative program of major companies designed to
manage a cost effective consensus approach to special processes and products
and provide continual improvement within the aerospace industry. Nadcap is the
Performance Review Institute's (PRI) brand name for the industry-managed
program for special processes in the aerospace industry.
    "Héroux-Devtek is very excited to see Magtron participate in the F-35
program, as this contract expands our reach across all three sites of our
Aerostructure Division," said Gilles Labbé, President and Chief Executive
Officer of Héroux-Devtek. "The selection of Héroux-Devtek for these critical
components shows the confidence of Noranco in our technical ability, quality,
and delivery. Our dedicated investment in Nadcap certification and new
technology targeted at highly specialized, bonded machined products was
instrumental in winning this contract."

    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 and overhaul 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 65% 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 Noranco

    Noranco Inc. is an integrated manufacturer and solutions-provider to the
international commercial and military aerospace sectors. As a combined company
with more than 400 employees across three manufacturing sites in the Greater
Toronto Area, Noranco is one of the larger Tier 2 aerospace companies in
Canada. The Company provides added value to customers through a wide range of
sophisticated capabilities including high-precision CNC machining of aluminum
and hard metals, sheet metal fabrication, processing, assembly, testing and
supply chain management. Noranco produces a large variety of small to large
aerospace products for a wide range of applications such as aero structures,
landing gear, stringers, electronic/power distribution chassis, auxiliary
power units, and environmental control systems.

    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:

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

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