CAE Inc.
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NYSE : CGT

CAE Inc.

June 16, 2009 07:45 ET

Mumtalakat orders two additional full-flight simulators to support Gulf Air pilot training

LE BOURGET, FRANCE--(Marketwire - June 16, 2009) - (NYSE:CGT) (TSX:CAE) - Today at the Paris Air Show, CAE announced that it has sold two additional full-flight simulators (FFS) and a suite of support services to Bahrain Mumtalakat Holding Company ("Mumtalakat"), the investment arm of the Kingdom of Bahrain and the owner of Gulf Air, Bahrain's national carrier. The total list price value of the contract exceeds C$50 million.

The contract is for a CAE 7000 Series A330/A340 convertible FFS and an additional CAE 5000 Series A320 FFS. All full-flight simulators for Mumtalakat will feature the CAE Tropos™-6000 visual system. In addition, CAE will provide a suite of support services over the next ten years. The contract brings the total FFS sales that CAE has announced during fiscal year 2010 to six.

Last month, CAE had announced the sale of a CAE 5000 Series A320 FFS and CAE Simfinity™ Airbus Pilot Transition (APT) trainers for the A320, A330 and A340 aircraft to an undisclosed customer. CAE is now identifying this customer as Mumtalakat.

Talal Al Zain, Chief Executive Officer of Mumtalakat and Chairman of Gulf Air, said, "I am pleased to announce the purchase of the new simulators which will enable Gulf Air to offer its flight crews and those from across the Middle East access to the most advanced simulator training equipment. Our investment will help to meet the growing regional demand for pilot and crew training. Today's announcement further enhances Bahrain's already established reputation as a centre of excellence for pilot training and will help to create job opportunities and financial growth in Bahrain."

Marc Parent, Executive Vice President and Chief Operating Officer of CAE, said, "Our contracts with Mumtalakat over the past month mark the first time it has ordered simulation equipment from CAE, and we are delighted Mumtalakat has placed its trust and confidence in CAE's world-class simulation solutions. We are excited to begin a long-term relationship with Mumtalakat's Gulf Air holdings subsidiary as we work closely together to tailor our comprehensive training solutions to help meet their growth objectives."

About Mumtalakat

Mumtalakat is the investment company for Bahrain, and was established as an independent holding company for the Government of Bahrain's non-oil and gas assets. With 35 commercial enterprises within its portfolio, Mumtalakat's investment strategy seeks to enter into partnerships with local, regional and global institutions targeting opportunities for long-term, sustainable returns. For more information on Mumtalakat please go to www.bmhc.bh.

About CAE

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. www.cae.com

High resolution photos of the signing ceremony will be available on www.cae.com/photos

Contact Information

  • CAE contacts:
    CAE
    Nathalie Bourque
    Vice President, Public Affairs and Global Communications
    1-514-734-5788
    nathalie.bourque@cae.com

    Trade media:
    CAE
    Chris Stellwag
    Director, Marketing Communications, Civil and Military
    1-813-887-1242
    chris.stellwag@cae.com

    Investor relations:
    CAE
    Andrew Arnovitz
    Vice President, Investor Relations and Strategy
    1-514-734-5760
    andrew.arnovitz@cae.com