CAE Inc.

CAE Inc.

November 17, 2009 08:42 ET

CAE awarded contract valued at approximately C$35 million for two simulators for China's new ARJ21 regional jet

MONTREAL, QUEBEC--(Marketwire - Nov. 17, 2009) - (NYSE:CAE)(TSX:CAE) - CAE today announced that it has sold two CAE 7000 Series ARJ21-700 Level D full-flight simulators (FFS) to COMAC Shanghai Aircraft Customer Service Co. Ltd., owned by Commercial Aircraft Corporation of China Ltd. (COMAC). The contract, valued at approximately C$35 million at list price, brings the total FFS sales that CAE has announced so far during fiscal year 2010 to 12.

"We are building the ARJ21 to be the finest regional aircraft in the world, so we want the aircraft's pilots to train using the best simulators in the world - and those are CAE simulators," said Mr. Xu Qinghong, President, Shanghai Aircraft Customer Service Co., Ltd. "The Chinese name for the ARJ21 - Xiangfeng - means 'Soaring Phoenix,' and we expect the ARJ21 to soar ahead of other regional jet aircraft, especially in hot and high-altitude conditions."

The ARJ21 full-flight simulators, as well as brief-debrief stations, will be delivered to COMAC facilities in Shanghai. CAE is currently producing the world's first ARJ21 FFS, which was announced in 2006 and is expected to be ready for training in mid-2010. These two additional ARJ21 FFSs will be delivered at the end of 2010 and in 2012, respectively. The ARJ21 aircraft, the first passenger jet to be fully developed independently and indigenously produced in China, is scheduled to enter service in 2011.

The simulators will incorporate full six-degree-of-freedom CAE True electric motion systems and new generation CAE Tropos-6000 visual systems, liquid crystal on silicon (LCoS) projectors, and 200- by 40-degree field-of-view visual displays.

"We are delighted that COMAC Shanghai Aircraft Customer Service Co. Ltd. has placed further confidence in CAE, based on the excellent progress to date on the prototype ARJ21 simulator," said Jeff Roberts, CAE's Group President, Civil Simulation Products, Training and Services. "These simulators will enable a strong initial pilot training capability for COMAC's cadre of flight instructors and the ARJ21 regional jet's early customer airlines."

COMAC Shanghai Aircraft Customer Service Co., Ltd. provides aircraft maintenance and repair, pilot training, aviation equipment and materials leasing, and consulting for aviation technologies for both large planes and regional aircraft.

CAE is a world leader in providing simulation and modelling technologies and integrated training solutions for the civil aviation industry and defence forces around the globe. With annual revenues exceeding C$1.6 billion, CAE employs more than 6,500 people at more than 90 sites and training locations in 20 countries. We have the largest installed base of civil and military full-flight simulators and training devices. Through our global network of 29 civil aviation and military training centres, we train more than 75,000 crewmembers yearly. We also offer modelling and simulation software to various market segments and, through CAE's professional services division, we assist customers with a wide range of simulation-based needs.

Contact Information

  • CAE contacts:
    Nathalie Bourque, Vice President
    Public Affairs and Global Communications

    Trade media:
    Chris Stellwag, Director
    Marketing Communications, Military and Civil

    Investor relations:
    Andrew Arnovitz, Vice President
    Investor Relations and Strategy