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Longueuil, Québec, December 14, 2016
Héroux-Devtek Inc. (TSX: HRX) (“Héroux-Devtek” or the “Corporation”), a leading international manufacturer of aerospace products, today announced that in light of production rate adjustments for certain programs, including the Boeing 777 and 777X for which the Corporation is in the process of ramping up production of complete landing gear systems, it will not be able to reach its stated objective of achieving annual sales of approximately $500 million for its 2019 fiscal year. As a result, Héroux-Devtek is withdrawing its financial guidance. The Corporation is currently assessing the impact of these adjustments and will provide an update in due time.
