Heroux-Devtek Renews an Important Landing Gear Repair and Overhaul Contract With the USAF

Héroux-Devtek Inc. (TSX:HRX) ("Héroux-Devtek" or the "Corporation"), a leading international manufacturer of aerospace products, today announced that it has renewed an important long-term contract with the U.S. Air Force ("USAF") to provide landing gear repair and overhaul ("R&O") services for the C-130, E-3 and KC-135R aircraft.

The long-term contract spans a period extending to the end of the U.S. Government's 2021 fiscal year in September 2021. Under the terms of the agreement, Héroux-Devtek is also responsible for the manufacturing and delivery of certain aftermarket components for these aircraft.

"This important multi-year agreement further confirms Héroux-Devtek's status as a world leader in the R&O market for defence aircraft landing gear. Our proven track record for quality, on-time delivery and second-to-none customer service has fostered a solid relationship with the USAF, for which we have been providing R&O services for 45 years. This contract also highlights the diversity of Héroux-Devtek's business activity in the global defence aerospace market through its participation on many leading programs, as well as by its involvement in both new component manufacturing and aftermarket products and services," said Gilles Labbé, President and CEO of Héroux-Devtek.