Héroux-Devtek receives $15.8 million in new orders
Aug. 5, 2008, Longueuil, Que. LONGUEUIL - Héroux-Devtek Inc., a leading Canadian manufacturer of aerospace and industrial products, has announced that its Landing Gear Division has been awarded additional contracts for the repair and production of landing gear components.
Aug. 5, 2008, Longueuil, Que. LONGUEUIL – Héroux-Devtek Inc., a leading
Canadian manufacturer of aerospace and industrial products, has
announced that its Landing Gear Division has been awarded additional
contracts for the repair and production of landing gear components
mainly for the B-2, C-5, F-16, P-3 and T-37 aircraft, essentially from
the U.S. Air Force and the U.S. Navy. Production will be spread out
over the next four years, with deliveries expected to start in fiscal
year 2009. The combined value of the contracts is more than $15.8
Héroux-Devtek, 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 per cent 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, Ont.; Arlington, Texas 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.