Héroux-Devtek announces up to $48.9 million in repayable loan contributions from the Canadian government

Héroux-Devtek announces up to $48.9 million in repayable loan contributions 
from the Canadian government 
Contribution will support Héroux-Devtek's research and development of new 
technologies for complete new landing gear systems 
LONGUEUIL, QC, March 28, 2013 /CNW Telbec/ - Héroux-Devtek Inc. (TSX: HRX) 
("Héroux-Devtek" or the "Corporation"), a leading Canadian manufacturer of 
aerospace products, is pleased to announce that Industry Canada is providing 
the Corporation with a repayable loan contribution of up to $48.9 million. The 
funds will be used to support Héroux-Devtek's engineering efforts in 
connection with the research and development of new technologies for complete 
new landing gear systems. The investment will be over a five-year period and 
the contribution will become gradually repayable one year following the end of 
that period. 
The investment is being made through the Government of Canada's Strategic 
Aerospace and Defence Initiative ("SADI"), which supports strategic industrial 
research and pre-competitive development projects in the aerospace, defence, 
space and security industries. 
"Héroux-Devtek welcomes this opportunity to partner with the Government of 
Canada through SADI, as we look to further enhance our competitive position in 
the landing gear market by leveraging our world-class skills and know-how 
through the development of value-added products and services," said Gilles 
Labbé, President and CEO of Héroux-Devtek. "As the aerospace industry is 
increasingly global in scope, it is important for our government to support 
Canadian companies that export their technologies around the world. In the 
last decade, Héroux-Devtek has aggressively invested in the development of 
complete landing gear systems. This allowed us to participate as system 
integrator in many important programs, both in the commercial and military 
aerospace market, and to establish new business relationships with several of 
the world's leading OEMs." 
"The Government of Canada recognizes the international calibre of our 
country's aerospace and defence sector," said the Honourable Christian 
Paradis, Minister of Industry. "Companies such as Héroux-Devtek consistently 
perform innovative research and development. Since 2007, SADI investments have 
built economic and technological advantages across supply chains. They have 
had positive effects on multiple Canadian suppliers, helping to attract and 
retain highly qualified people to work in this country's aerospace and defence 
sector." 
ABOUT HÉROUX-DEVTEK INC.
Héroux-Devtek Inc. (TSX: HRX) is a Canadian company specializing in the 
design, development, manufacture and repair and overhaul of landing gear 
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. Approximately 70% of 
the Corporation's sales are outside Canada, mainly in the United States. The 
Corporation's head office is located in Longueuil, Québec with facilities in 
the Greater Montreal area (Longueuil, Laval and St-Hubert); Kitchener and 
Toronto, Ontario; as well as Springfield and Cleveland, Ohio. 
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 Company. 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 Company'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. 
From: Héroux-Devtek Inc. Gilles Labbé President and Chief Executive Officer 
Tel.: (450) 679-3330 
Contact: MaisonBrison Martin Goulet, CFA Tel.: (514) 731-0000 
SOURCE: HEROUX-DEVTEK INC. 
To view this news release in HTML formatting, please use the following URL: 
http://www.newswire.ca/en/releases/archive/March2013/28/c8993.html 
CO: MAISON BRISON - ENGLISH
ST: Quebec
NI: ARO LOAN MNA  
-0- Mar/28/2013 14:30 GMT
 
 
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