FARNBOROUGH, United Kingdom, July 15 /CNW Telbec/ - Héroux-Devtek Inc.
(TSX: HRX), a leading Canadian manufacturer of aerospace and industrial
products, today announced that the Brazilian aircraft manufacturer Embraer has
awarded its Landing Gear Division a contract to provide the landing gear for
the new Embraer Legacy 450 and Legacy 500 business aircraft programs.
Under the terms of the agreement, Héroux-Devtek will design, develop,
fabricate, assemble, test and deliver landing gear structure and actuation for
the Legacy 450 and Legacy 500 jets. This life-cycle mandate also includes the
provision of spare parts. Design work is expected to begin very shortly.
"This contract recognizes Héroux-Devtek as an experienced and competent
source for landing gear. The Legacy 450 and Legacy 500 business jets are of
strategic importance for Embraer and we are very proud to have been selected
for the programs," commented Martin Brassard, Vice-President and General
Manager of Héroux-Devtek's Landing Gear Division. "It is a strategic
breakthrough for Héroux-Devtek, as we have a new customer and we will leverage
our expertise related to this type of aircraft program."
"Héroux-Devtek has built a very strong engineering team and is well
positioned to support design and development programs that are in keeping with
our strategy, such as the Legacy 450 and Legacy 500," stated Gilles Labbé,
President and Chief Executive Officer of Héroux-Devtek. "The business jet
market is experiencing vigorous growth and, through this second design
contract since the beginning of our 2008-2009 fiscal year, we have rapidly
built an important presence in that niche."
"Embraer welcomes Héroux-Devtek as the supplier for Legacy 450 and Legacy
500 landing gears", stated Luis Carlos Affonso, Executive Vice President,
Embraer Executive Jets. The leading-edge technology offered through these
revolutionary new jets must be reflected in each part of them."
The Legacy 450 and Legacy 500 business jets will be the first in their
categories to offer a six-foot stand up cabin with a flat floor. Full
fly-by-wire technology will enhance travel comfort and reduce pilot workload.
The Legacy 500 is expected to enter service in the second half of 2012, and
the Legacy 450 in the second half of 2013.
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
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; MaisonBrison: Martin Goulet, CFA,