Héroux-Devtek announces the renewal of a contract to manufacture the landing gear for the Viking Series 400 Twin Otter

FARNBOROUGH, United Kingdom, July 14, 2014 /CNW Telbec/ – Héroux-Devtek Inc. (TSX: HRX), (“Héroux-Devtek” or the “Corporation”), a leading Canadian manufacturer of aerospace products, today announced that it has renewed a contract with Viking Air Limited of Victoria, British Columbia for the fabrication of the nose landing gear for the Twin Otter Series 400 aircraft.

The renewal extends the current agreement through the end of calendar year 2018 and also includes the production of aftermarket components. Based on current program expectations, this multi-year agreement could have a total value of approximately $20 million.

“Héroux-Devtek designed the original de Havilland legacy Twin Otter’s landing gear in the 1960s, and this well-established program has been one of the Canadian aerospace industry’s flagships ever since. This longevity not only testifies to the quality of the aircraft, but it also highlights the extent over which revenues from life-cycle design programs can be earned. Héroux-Devtek is proud to further contribute to the success of the best-selling 19-passenger commuter airplane in the world,” said Gilles Labbé, President and Chief Executive Officer of Héroux-Devtek.

“Heroux-Devtek’s experience with the Twin Otter aircraft has made them a trusted supplier to Viking since the inception of the Series 400 Twin Otter program,” noted Stephen Hemphill, Viking vice president, Supply Chain. He added, “Their ability to reliably provide quality components for our Series 400 production has made them integral to our success as a world class manufacturing organization.”