CAE Inc.
TSX : CAE
NYSE : CAE

CAE Inc.

August 26, 2009 06:00 ET

CAE awarded military contracts valued at more than C$100 million

MONTREAL, QUEBEC--(Marketwire - Aug. 26, 2009) - (TSX:CAE)(NYSE:CAE) - CAE today announced a series of military contracts with prime contractors and other military customers valued at more than C$100 million. Key customers include Eurocopter, Airbus Military and L-3 Communications.

"One of our strategic priorities has been to establish close relationships with major defence prime contractors and original equipment manufacturers," said Martin Gagne, CAE's Group President, Military Simulation Products, Training and Services. "Contracts with Eurocopter on major upgrades to the German CH-53 training systems and Airbus Military on two A330 tanker programs are perfect examples of CAE working closely with prime contractors to support military forces around the world."

Eurocopter

CAE has been awarded a contract by Eurocopter to perform major upgrades on two CAE-built CH-53 full-mission simulators operated at the German Army Aviation School at Buckeburg. Eurocopter will be upgrading 40 CH-53 helicopters for the German Army with new avionics, communications systems, night vision capabilities, and other new functionalities. As part of the CH-53 helicopter upgrade program, Eurocopter has contracted CAE to perform the simulator upgrades that will ensure concurrency with the operational helicopters and the training systems. Specifically, CAE will design and manufacture new CH-53 simulator cockpits, add the latest CAE Medallion-6000 image generator, upgrade the instructor operator stations, and perform a range of other enhancements. The CH-53 simulator upgrades for the German Army Aviation School are expected to be complete by the end of 2011.

Airbus Military

CAE has won contracts from prime contractor Airbus Military to provide A330 Multi-Role Tanker Transport (MRTT) training devices to the United Arab Emirates (UAE) and Royal Saudi Air Force (RSAF). CAE will design and manufacture an A330 MRTT part-task trainer and CAE Simfinity® integrated procedures trainer for each customer. CAE is currently developing similar training devices for the Royal Australian Air Force (RAAF), as well as designing and manufacturing an A330 MRTT full-mission simulator for the RAAF program.

L-3 Communications

CAE has been awarded a one-year contract by L-3 Communications MAS (Canada) Inc., a subsidiary of L-3 Communications (NYSE:LLL) for CAE to continue providing avionics software upgrades, integrated logistics support and data management services for the Canadian Forces CF-18 aircraft. L-3 MAS has been prime contractor on the CF-18 service and support program since 1986 and CAE has been performing systems engineering support services for the CF-18 fleet for more than twenty years.

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. www.cae.com

Contact Information

  • CAE contacts:
    Nathalie Bourque, Vice President,
    Public Affairs and Global Communications
    514-734-5788
    nathalie.bourque@cae.com
    or
    Trade media:
    Chris Stellwag, Director,
    Marketing Communications, Military and Civil
    813-887-1242
    chris.stellwag@cae.com
    or
    Investor relations:
    Andrew Arnovitz, Vice President,
    Investor Relations and Strategy
    514-734-5760
    andrew.arnovitz@cae.com