Heroux-Devtek signs long-term agreement with Dassault Aviation on new business jet program

Héroux-Devtek Inc. (TSX: HRX), a leading Canadian manufacturer of aerospace and industrial products, today announced that the French aircraft manufacturer Dassault Aviation ("Dassault") has awarded its Landing Gear product line operations a contract to provide the landing gear for a new business jet program.

Under the terms of the long-term agreement, Héroux-Devtek will design, develop, fabricate, assemble, qualify and participate in the certification of the landing gear and actuation system for the new aircraft. This life-cycle mandate also includes the provision of spare parts.

"This contract further confirms Héroux-Devtek as a major player in the design and development of landing gear for business aircraft programs and we are very proud to have been selected for this important project," said Martin Brassard, Vice-President and General Manager of Héroux-Devtek's Landing Gear product line. "This new contract reaffirms the strength of our engineering team and its ability to gradually expand its technological know-how to new applications."

"In keeping with its strategic objectives, Héroux-Devtek's portfolio of proprietary products continues to grow," said Gilles Labbé, President and Chief Executive Officer of Héroux-Devtek. "This fourth design and development contract won since 2007, and third in the business jet category, reinforces our reputation in this market. More importantly, Héroux-Devtek continues to broaden its international reach as Dassault is a new world-class customer and we are looking forward to build a longstanding relationship between our two organizations."