CAE Inc.

CAE Inc.

February 04, 2010 08:59 ET

CAE awarded military contracts valued at more than C$58 million

MONTREAL, QUEBEC--(Marketwire - Feb. 4, 2010) - (TSX:CAE)(NYSE:CAE) - CAE today announced a series of military contracts valued at more than C$58 million. Included in this total are several contracts to support the German armed forces with a range of simulator upgrades and training support services.

"CAE GmbH has a well-established presence in Germany and a long history of supporting the German military with world-class simulation solutions and training services," said Martin Gagne, CAE's Group President, Military Products, Training and Services. "CAE's global footprint combined with our extensive portfolio of products and services positions CAE well as militaries extend their use of modelling and simulation to support analysis, training and operations."

Germany's procurement office BWB (Bundesamt fur Wehrtechnik und Beschaffung) has contracted CAE to provide a range of on-site training support services for flight simulation equipment. CAE's annual maintenance and logistics support contracts with the German Armed Forces cover a range of flight simulators, including those for the Tornado and Eurofighter multi-role-combat aircraft. CAE provides services at several sites in Germany and the United States to maintain almost every flight simulator in service with the German Armed Forces.

CAE has also been awarded a contract to perform significant upgrades on the German Air Force Tornado full-mission simulators. CAE will integrate its CAE STRIVE-Radar simulation software into the Tornado simulators to enable the German Air Force to perform additional training tasks in the full-mission simulators, including air-to-air radar, ground mapping radar, and terrain following radar functionalities.

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.

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