CAE Inc.

CAE Inc.

April 30, 2009 08:01 ET

CAE concludes fiscal year 2009 with record order intake over C$1 billion for Military segments

CAE awarded military contracts in fourth quarter valued at over C$540 million

MONTREAL, QUEBEC--(Marketwire - April 30, 2009) - (TSX:CAE)(NYSE:CGT) CAE has ended fiscal year 2009 (April 1, 2008 to March 31, 2009) with record order activity in its military segments. Order intake for CAE's military segments totaled C$1.09 billion, including more than C$540 million in the fourth quarter alone. The total order intake represents a 47 per cent increase over the last fiscal year and the largest annual military order intake in the Company's history.

"Our strong military business and our diversification across regions, products and services have enhanced CAE's position in the current environment," said Marc Parent, CAE's Chief Operating Officer. "As more militaries and governments look to an increased use of simulation and synthetic training, the defence market continues to be positive for CAE as demonstrated by our record order intake for fiscal year 2009."

Some of the key orders this fiscal year include a contract from the Government of Canada for C-130J aircrew training, a contract extension with the Commonwealth of Australia to continue providing training support services through 2018, and a contract to develop Hawk 128 full-mission simulators for the U.K.'s Military Flying Training System (MFTS) program. Rotorsim, the consortium owned equally by CAE and AgustaWestland, signed contracts with the Netherlands Ministry of Defence for comprehensive NH90 helicopter training systems and services. Fiscal year 2009 also saw Helicopter Flight Training Services (HFTS), a consortium owned equally by CAE, Eurocopter, Thales and Rheinmetall Defence Electronics, inaugurate NH90 training at the German Army Aviation School in Bueckeburg.

In the US military market, CAE USA won contracts with all branches of the US services, including a series of contracts with the United States Navy to design and manufacture MH-60S/R simulators and additional contract options to continue development and services as part of the Synthetic Environment Core (SE Core) program for the US Army. During the fourth quarter, CAE was awarded a contract from the US Army Program Executive Office for Simulation, Training, and Instrumentation (PEO STRI) to perform upgrades to the MH-60L Black Hawk and MH-47G Chinook combat mission simulators (CMS) operated by the 160th Special Operations Aviation Regiment - Airborne. CAE will convert the MH-60L simulator to the newest variant of the Black Hawk helicopter called the MH-60M, and will update the MH-47G CMS with aircraft survivability equipment and other new 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$1.4 billion, CAE employs approximately 7,000 people at more than 75 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 27 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, Simulation Products
    and Military Training & Services

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