CAE Inc.

CAE Inc.

June 15, 2009 01:00 ET

CAE wins series of C-130 contracts

- Lockheed Martin contracts CAE to build C-130 simulators and training devices for Indian Air Force, U.S. Air Force, including Air Force Special Operations Command, and undisclosed customer - CAE to provide comprehensive C-130H aircrew training system for undisclosed customer - New C-130 contracts valued at more than C$60 million

LE BOURGET, FRANCE--(Marketwire - June 15, 2009) - (NYSE:CGT) (TSX:CAE) - Today at the Paris Air Show, CAE announced it has been awarded a series of contracts from prime contractor Lockheed Martin and an undisclosed customer to design and manufacture four C-130 simulators and several training devices for military customers around the world.

"Over the past two decades, CAE has delivered more training systems for the C-130 than any company so we're pleased to continue building on this experience and look forward to furthering our relationship with Lockheed Martin and our other customers in providing training systems to global militaries flying the C-130," said Martin Gagne, CAE's Group President, Military Products, Training and Services. "We're particularly pleased to welcome the Indian Air Force and U.S. Air Force Special Operations Command to our long and growing list of C-130J customers."

The contracts were signed over the past three months and the total value exceeds C$115 million. Of this total, more than C$60 million will be applied to CAE's fiscal year 2010. The remainder is already in the backlog of fiscal year 2009.

Indian Air Force

CAE will design and manufacture a C-130J full-mission simulator that will be delivered to the Indian Air Force (IAF) Hindan Airbase. India is acquiring six C-130J aircraft to provide the IAF with modern and effective airlift to support a range of national requirements, including enhanced special operations capabilities. The C-130J simulator will be the first CAE has built featuring the CAE True™ electric motion system. India will join a growing list of global militaries who train their C-130J aircrews on CAE-built simulation equipment, including the U.S. Air Force and Marine Corps, Royal Air Force, Royal Australian Air Force, Italian Air Force, and Canadian Air Force.

U.S. Air Force Special Operations Command

CAE will design and manufacture an HC/MC-130J full-mission simulator that will be delivered to the U.S. Air Force Special Operations Command (AFSOC). The HC/MC-130J is a variant of the C-130J aircraft designed specifically for air refueling and other special operations forces roles. The U.S. Air Force Air Combat Command (ACC) as well as AFSOC has a requirement for HC/MC-130J aircraft to replace their existing C-130 aircraft. This will be the first HC/MC-130J simulator CAE has built for ACC/AFSOC.

U.S. Air Force

CAE will design and manufacture a C-130J systems integration lab (SIL), which will be used for the development and testing of C-130J operational flight program (OFP) block upgrades and modifications. The C-130J SIL will be located at CAE USA in Tampa, Florida and serve as an engineering development tool to test and validate aircraft and simulator upgrades for both the U.S. Air Force and international C-130J customers.

Other customers

Under subcontract to Lockheed Martin, CAE will design and manufacture a C-130H full-mission simulator to a Level D-equivalent standard for a C-130H undisclosed customer. This customer is upgrading their fleet of C-130H aircraft with new communication, navigation, and surveillance systems.

CAE will provide another undisclosed customer a comprehensive C-130H Aircrew Training System offering fully-integrated C-130H training for pilots, co-pilots, flight engineers, and navigators. The C-130H Aircrew Training System includes a C-130H full-mission simulator, a C-130H avionics part task trainer, computer-based training and instructional courseware, brief/debrief stations and a training management information system.

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 approximately 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, Civil and Military

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