CAE Inc.
TSX : CAE
NYSE : CAE

CAE Inc.

July 20, 2011 06:00 ET

CAE awarded contracts valued at approximately C$60 million for four full-flight simulators and training devices

MONTREAL, CANADA--(Marketwire - July 20, 2011) - (NYSE:CAE)(TSX:CAE) CAE today announced that it has sold four CAE 7000 Series Level D full-flight simulators (FFS) and associated training devices with a total list price of approximately C$60 million: an Airbus A320 FFS to Aeroflot, the largest airline of the Russian Federation; an A320 and a B737 to the Zhuhai Flight Training Centre (ZFTC), a joint venture of China Southern Airlines and CAE; and a Bell 412 helicopter FFS to an undisclosed customer. These sales were booked during CAE's first quarter and bring the total number of FFS sales that CAE has announced to date during fiscal year 2012 to 11.

"These new simulators reflect the continued growth of aviation in emerging markets in Russia and China and further expand CAE's global presence in the airline and helicopter markets," said Jeff Roberts, CAE's Group President, Civil Simulation Products, Training and Services. "CAE's complete portfolio of training solutions provides our customers with the technology advantage to enhance the safety, efficiency and effectiveness of their flight operations."

Aeroflot

The A320 FFS will be delivered to Aeroflot's training centre at Sheremetyevo International Airport in Moscow by the end of 2011. The simulator will incorporate a next-generation CAE Tropos™ visual system and full six-degree-of-freedom CAE True™ electric motion system. It will be certified to Level D, the highest qualification for flight simulators.

Zhuhai Flight Training Centre

These additional FFSs will bring the total number of simulators installed or committed in the two facilities of the Zhuhai Flight Training Centre to 19. ZFTC is the largest independent aviation training centre in China. The agreement also includes CAE Simfinity™ integrated procedures trainers (IPTs) and CAE Simfinity Virtual Simulators (VSIMs) for A320 and B737 training. The FFSs, IPTs and VSIMs will be ready for training in 2012.

Bell 412

The Bell 412 simulator was sold to an undisclosed customer and will operate from CAE's recently announced training centre in Toluca, Mexico when it opens in 2012.

About CAE

CAE is a global leader in modelling, simulation and training for civil aviation and defence. The company employs more than 7,500 people at more than 100 sites and training locations in more than 20 countries. Through CAE's global network of 32 civil aviation, military and helicopter training centres, the company trains more than 80,000 crewmembers yearly. CAE's business is diversified, ranging from the sale of simulation products to providing comprehensive services such as training and aviation services, professional services and in-service support. The company aims to apply its simulation expertise and operational experience to help customers enhance safety, improve efficiency, maintain readiness and solve challenging problems. CAE is now leveraging its simulation capabilities in new markets such as healthcare and mining. www.cae.com

Contact Information

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

    Trade media - civil aviation:
    Rick Adams, Senior Manager,
    Marketing Communications - Civil Aviation
    +1-214-864-5409
    rick.adams@cae.com

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