Heroux-Devtek Announces Strategic Alliance With C&L to Enhance In-Service Support for Saab 340 Aircraft Operators.

LONGUEUIL, QUEBEC–(Marketwired – February 17, 2015) – Heroux-Devtek Inc. (TSX: HRX) (“Heroux-Devtek” or the “Corporation”), a leading international manufacturer of aerospace products, today announced that its subsidiary Heroux-Devtek UK (formerly APPH Ltd) has entered into a strategic alliance with C&L Aviation Group (“C&L”) in the United States to enhance the global maintenance, repair and overhaul (MRO) services and support available to operators of all variants of the Saab 340 aircraft family.

This new alliance will combine Heroux-Devtek’s expertise as a landing gear designer and manufacturer with C&L’s operator and aircraft service provider capability and knowledge. It will also further enhance the worldwide support of the landing gear that is already available via Saab in Sweden, as well as REX and ACS in the Australasia market, while providing the Corporation with increased exposure into the attractive aftermarket business.

The Saab 340 aircraft remains the most attractive option in the 30-seat class with no new aircraft available to replace it. More than 450 aircraft were built between 1983 and 1999. Heroux-Devtek remains committed to working with operators to manage the direct operating costs and provide a platform for many years of continued, cost effective, in-service life.

PROFILE

Heroux-Devtek Inc. (TSX: HRX) is an international company specializing in the design, development, manufacture and repair and overhaul of landing gear and actuation systems and components for the Aerospace market. The Corporation is the third largest landing gear company worldwide, supplying both the commercial and military sectors of the Aerospace market with new landing gear systems and components, as well as aftermarket products and services. The Corporation also manufactures hydraulic systems, fluid filtration systems, electronic enclosures, heat exchangers and cabinets for suppliers of airborne radar, electro-optic systems and aircraft controls. Approximately 75% of the Corporation’s sales are outside Canada, including 50% in the United States. The Corporation’s head office is located in Longueuil, Quebec with facilities in the Greater Montreal area (Longueuil, Laval and St-Hubert); Kitchener and Toronto , Ontario; Springfield and Cleveland, Ohio; Wichita, Kansas; and Runcorn, Nottingham and Bolton, United Kingdom.

FORWARD-LOOKING STATEMENTS

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 Corporation. 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 Corporation’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.
Contacts:
From:
Heroux-Devtek Inc.
Gilles Labbe
President and Chief Executive Officer
(450) 679-3330

Contact:
MaisonBrison
Martin Goulet
CFA
(514) 731-0000

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