Heroux Devtek lowers 2013 revenue forecast due to military softness

Landing gear manufacturer Heroux-Devtek says a deterioration in military sales caused by budget problems in the US means its overall sales will come in lower than its prior forecast for slight growth. Although it expects commercial revenues will increase by 10%, the company said a drop in US military spending restrictions and government shutdown will offset those gains for the financial year ended March 31.

See the full article at canadianmanufacturing.com