Héroux-Devtek renews important multi-year landing gear manufacturing contract

Héroux-Devtek Inc. (TSX : HRX) a leading Canadian manufacturer of aerospace and industrial products, today announced that its Landing Gear Division has renewed an important multi-year contract with Goodrich Corporation - Landing Gear to manufacture various landing gear components for a number of important large commercial aircraft programs.

Under the terms of the agreement, the Landing Gear Division will fabricate and deliver major landing gear components to be used in the production of new aircraft and for aftermarket applications. The renewal extends Héroux-Devtek's current agreement with Goodrich to the end of calendar year 2012.

"We are very pleased to renew this important, longstanding contract, which speaks highly about the strength of our relationships with major aerospace companies around the world," said Gilles Labbé, President and CEO of Héroux-Devtek. "Through its solid reputation for quality products and services, the diversity of its expertise, as well as its healthy balance sheet, Héroux-Devtek is increasingly recognized as a leading strategic partner for manufacturing solutions across its main markets. This important contract will also contribute to maintain stable workload throughout our Landing Gear Division."

"Heroux-Devtek is a key part of our supply base with their complex component manufacturing capabilities," noted Mike Brand, President of Goodrich Landing Gear.