CAE Inc.
TSX : CAE
NYSE : CGT

CAE Inc.

May 13, 2009 10:57 ET

CAE sells first two full-flight simulators of fiscal year 2010

MONTREAL, QUEBEC--(Marketwire - May 13, 2009) - (TSX:CAE)(NYSE:CGT) - CAE has signed contracts to design and manufacture two full-flight simulators (FFS) and associated CAE Simfinity™ training devices for Lufttransport AS and an undisclosed customer from the MENA region (Middle-East and North Africa region). These contracts are valued at approximately C$25 million at list price and include the first two FFS sales that CAE has announced for fiscal year 2010.

"We are delighted that these two first time simulation equipment customers have placed their trust and confidence in CAE for their acquisition of full-flight simulators and related training devices," said Jeff Roberts, CAE's Group President, Civil Simulation Products, Training and Services. "The CAE 5000 Series simulator has established a new design standard for the industry and will serve as an excellent training tool for their pilot training programs."

Lufttransport AS, a Norway-based airline that flies primarily air ambulance services has purchased a CAE 5000 Series Beech King Air B200 FFS. This marks the first time Lufttransport has ordered its own simulation equipment, which will be installed in Oslo, Norway. The CAE 5000 Series Beech King Air B200 FFS will be delivered in early 2010 to Lufttransport.

Lufttransport AS, based in Tromsoe Northern Norway and established in 1955, is a specialist in evacuation medical services (EMS/HEMS) on contract with the Norwegian government as well as sea pilot and arctic operations with a modern fleet of both rotary and fixed wing aircraft. Lufttransport in 2009 will operate the largest fleet of new Beech King Air B200 aircraft with the Proline-21 cockpit.

"The acquisition of the brand new CAE full-flight simulator in Norway will mean a giant leap forward for Lufttransport AS in the ongoing search for improvement of flight safety standards through quality training measures as well as emphasizing the role of Norway in flight training," said Stig Naesh, CEO of Lufttransport AS.

The contract with the undisclosed customer from the MENA region is for a CAE 5000 Series A320 FFS and CAE Simfinity Airbus Pilot Transition (APT) trainers for the A320, A330 and A340 aircraft. The equipment will be delivered later this year.

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.

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:
    Chris Stellwag
    Director, Marketing Communications, Simulation Products
    and Military Training & Services
    813-887-1242
    chris.stellwag@cae.com

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