Héroux-Devtek Inc. (TSX:HRX) is looking for M&A. Martin Brassard, President and Chief Executive Officer said, "So we will continue to have our disciplined M&A strategy there. But you saw the multiples, right? So there is a lot -- the market is bullish about the aerospace and defense company.

So we are looking at some acquisitions. But right now, we have so many opportunities that is in front of us that we believe investing in our company will give a better return to the shareholders".