Heroux lands new contracts worth $8.3 million.LONGUEUIL, Quebec--(BUSINESS WIRE)--June 5, 1995--Heroux Inc. (ME: HRX HRX Hyperreflexia HRX Hypothetical Reference Connection ) -- Heroux Inc. today announced that two of its subsidiaries, Heroux Longueuil and A.B.A. Industries, have been awarded contracts totaling CDN (Content Delivery Network) A system of distributed content on a large intranet or the public Internet in which copies of content are replicated and cached throughout the network. $8.3 million. A.B.A.'s order, worth $6.2 million, is with The United States Air Force United States Air Force (USAF) Major component of the U.S. military organization, with primary responsibility for air warfare, air defense, and military space research. It also provides air services in coordination with the other military branches. U.S. to manufacture the divergent flap of the F110 aircraft engine. The division develops and manufactures advanced components and industrial engines. Production of the flaps, which are part of the engine exhaust system will begin in early 1996. Deliveries are scheduled over a seven month period beginning January 1997. Heroux Longueuil, which designs, develops, manufactures and provides maintenance for landing gears for civil and military aircraft, was awarded its contracts by Teledyne Ryan Aeronautical aer·o·nau·tic also aer·o·nau·ti·cal adj. Of or relating to aeronautics. aer  o·nau . The contract, the company's first with Teledyne is for the design and manufacture of aircraft landing gear for the United States Department of Defense's new High Altitude Endurance Unmanned Aerial Vehicle A powered, aerial vehicle that does not carry a human operator, uses aerodynamic forces to provide vehicle lift, can fly autonomously or be piloted remotely, can be expendable or recoverable, and can carry a lethal or nonlethal payload. (HAE UAV). It is valued at CDN $2.1 million. The HAE UAV program, or Tier II Plus as it is often referred to, is an affordable system designed to obtain real time reconnaissance images of large geographic areas. The system will consist of an unmanned aerial vehicle carrying a payload of radar, infrared and electro-optical sensors. Teledyne Ryan Aeronautical will be the prime contractor for this project, which is the second phase of the HAE UAV program. This phase consists of the design, integration and building of two test aircraft, complete with reconnaissance payload subsystems and one ground control station. Phase Three will require the building of eight additional aircraft plus two more ground control stations. "These contracts are very important to us," stated Heroux's Chairman of the Board and Chief Executive Officer, Mr. Gilles Labbe. "They confirm our reputation as a quality manufacturer of precision parts and open the door to follow-on contracts." Heroux Inc., a Canadian company based in Longueuil Quebec, specializes in the design, development, manufacture and repair of products for the industrial and aerospace sectors. Additional facilities are located in St-Andre, Quebec (FRE FRE French FRE Freddie Mac (stock symbol) FRE Federal Rules of Evidence FRE Freedom Realty Exchange FRE Freedom Party FRE Food and Resource Economics FRE Free Range Eggs FRE French Real Estate Composites Inc.), Pinellas Park, Florida Pinellas Park is a city located in central Pinellas County, Florida. The population was 45,658 at the 2000 census. As of 2004, the population recorded by the U.S. Census Bureau is 47,166 [1]. (A.B.A. Industries, Inc.) and Cincinnati, Ohio; (McSwain Manufacturing). More than 85 percent of company sales are to the United States. Heroux's shares trade on the Montreal Exchange Montreal Exchange A Canadian derivatives exchange that facilitates the trading of stock options, interest rate futures and options, as well as index options and futures. Located in Montreal, Quebec, it is the country's main financial derivative market, while the Winnipeg under the symbol HRX. CONTACT: Heroux Inc. Gilles Labbe, 514/679-5450 or Maison Brison Rick Leckner, 514/731-0000 REPEATS: New York 212-575-8822 or 800-221-2462; Boston 617-330-5311 or 80 |
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