LONGUEUIL, QC, Jan. 15 /CNW Telbec/ - Héroux-Devtek Inc. (TSX : HRX) a
leading Canadian manufacturer of aerospace and industrial products, today
announced that Fokker Services BV has awarded its Landing Gear Division a
contract to manufacture major replacement landing gear components for the
Fokker 100 aircraft.
Under the terms of the agreement, Héroux-Devtek will supply complete
aftermarket kits including major components, such as pistons and cylinders.
Deliveries are expected to begin in the spring of 2010 and should be completed
by the end of calendar year 2013. Based on current projections, the total
value of the contract is estimated to be between $15 and $24 million.
"This contract further validates our strategic objective of broadening
the scope of our services and product offering", said Gilles Labbé, President
and Chief Executive Officer of Héroux-Devtek. "Fokker Services is a new
customer for Héroux-Devtek and our well-established reputation and ability to
provide value-added kitting services were key elements in obtaining this
About Fokker Services
Fokker Services is part of the Stork Aerospace group and is a leading
Aerospace services provider, combining OEM (design) knowledge and independent
after-sales modification, repair and overhaul ("MRO") support to performance
based aircraft MRO services. Being type certificate holder of all 750 Fokker
aircraft operated today, Fokker Services has all the skills, facilities,
equipment and systems in place to deliver total support solutions to aircraft
operators and owners in the continued competitive operation of their fleet.
Stork Aerospace develops and produces advanced structure and electrical
systems for the aerospace industry, and supplies integrated maintenance
services and products to aircraft owners and operators. In 2007, the group
achieved revenue of euro 550 million with over 3,500 employees out of the
total Stork revenue of euro 2 billion.
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 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
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
For further information:
For further information: Héroux-Devtek Inc.: Gilles Labbé, President and
Chief Executive Officer, (450) 679-3330; Maison Brison: Martin Goulet, CFA,