CAE Inc.
TSX : CAE
NYSE : CGT

CAE Inc.

July 15, 2008 07:32 ET

CAE wins contracts for four full-flight simulators valued at more than C$50 million

FARNBOROUGH, UNITED KINGDOM--(Marketwire - July 15, 2008) - (NYSE:CGT)(TSX:CAE) - Today at the Farnborough Air Show, CAE announced it had been awarded contracts to design and manufacture four full-flight simulators (FFSs) and associated training devices valued at more than C$50 million at list prices. The contracts are with Etihad Airways, British Airways, Bombardier and Embraer. CAE has now announced a total of 14 FFS sales in fiscal year 2009, which began April 1.

During Farnborough, CAE announced C$128 million in civil aviation and military contracts including the sale of these four full-flight simulators.

"CAE is uniquely positioned to help enhance the safety and efficiency of aviation with our simulation-based product and service offerings," said Marc Parent, CAE's Group President, Simulation Products and Military Training & Services. "Our comprehensive portfolio of integrated training solutions provides a wide range of choices to operators to develop training programs that best suit them. This level of flexibility is particularly valuable in the current environment as airlines are actively seeking additional productivity gains to help alleviate the impact of high fuel costs."

Etihad Airways

Today during a ceremony at the Farnborough Air Show, Etihad Airways Executive Vice President Finance, James Rigney, and CAE's Marc Parent signed the contract for CAE to provide a Boeing 777-300ER (extended range) FFS and a CAE Simfinity™ Boeing 777 Integrated Procedures Trainer to Etihad Airways, the national airline of the United Arab Emirates. The simulator will be delivered in 2009 to Etihad's training centre in Abu Dhabi.

"The Boeing 777 is an important aircraft in Etihad's fleet strategy and it is vital that we have the best equipment and technology in place to train our pilots to the very highest standards," said James Rigney. "It will be one of most advanced simulators in the industry and because the onboard technology can be regularly upgraded, we will be able to use it for many years."

"Etihad Airways continues to grow and expand its operations and we are pleased it has again selected CAE's true fidelity simulation equipment to support their Boeing 777 pilot training program," said Marc Parent. "We have developed a close business relationship with Etihad over the past five years and look forward to supporting Etihad's growth initiatives in the future."

British Airways

CAE has won a contract to design and manufacture a CAE 7000 Series Airbus A320 FFS for British Airways. The simulator will be delivered to British Airways training centre at Heathrow Airport in the spring of 2009. This is the seventh full-flight simulator British Airways has ordered from CAE, and the first since 2000.

"Every year British Airways pilots spend more than 40,000 hours in the flight simulators at our Heathrow flight training facility. We strive for excellence in our pilot training programs and having the very best equipment is vital" said Mike Burtenshaw Manager Flight Training at British Airways. "We are pleased to continue our long-standing business relationship with CAE by adding the A320 to our fleet of 14 full-flight simulators."

Bombardier

CAE has sold a CAE 7000 Series Global Express(i) aircraft FFS to Bombardier(i). The Bombardier Global Express(i) aircraft FFS will be the first to feature the new Bombardier Global Vision Flight Deck, a trademark of Bombardier Inc., an innovative new cockpit integrating advanced avionics with a range of ergonomic features. The simulator will be delivered in 2009 to Bombardier's Montreal training centre.

"This simulator will leverage the technology and fidelity that we have evolved in the existing Global Express(i) aircraft simulators we purchased from CAE. It will allow us to provide accurate and effective training for our customers right from the start as the aircraft enters service. We will also be able to showcase the Global Vision Flight Deck as we grow our training program portfolio", says Hank Blasiak, General Manager, Commercial Training, Bombardier.

Embraer

CAE has sold a CAE 7000 Series Embraer 170/190 full-flight simulator to Embraer, who will provide training for its E-Jets operators in Europe. The simulator will be delivered to a European training centre to be determined by Embraer in early 2009.

"Continuing to offer a full range of training capabilities to our customers in Europe is very important to us and this new full-flight simulator is yet another proof of our commitment to our customers," said Simon Newitt, Embraer's Director of Customer Training. "We are glad that CAE is supplying Embraer with this full-flight simulator which will help us to provide the best training solutions in the market."

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

Our annual report and annual information form for the year ended March 31, 2008 have been filed with the Canadian securities commissions and are available on our website (www.cae.com), on SEDAR (www.sedar.com) and a free copy is available to shareholders upon request to CAE. They have also been filed with the U.S. Securities and Exchange Commission under Form 40-F and are available on EDGAR (www.sec.gov).

(i) Either registered or unregistered trademarks of Bombardier Inc. or its subsidiaries.

Notes to Editors:

Following are some details on the technical features of the full-flight simulators for each customer:



Etihad Airways

- Type: CAE 7000 Series Boeing 777-300ER FFS
- Visual: CAE Tropos™-6000 with liquid crystal on silicon (LCoS)
projectors
- Motion: CAE True™ electric motion system

British Airways

- Type: CAE 7000 Series Airbus A320 FFS
- Motion: CAE True electric motion system

Bombardier

- Type: CAE 7000 Series Bombardier Global Express FFS
- Visual: CAE Tropos-6000 with LCoS projectors
- Motion: CAE True electric motion system

Embraer

- Type: CAE 7000 Series Embraer 170/190 FFS
- Visual: CAE Tropos-6000 with LCoS projectors
- Motion: CAE True electric motion system


High Resolution Photos will be available on http://www.cae.com/

Contact Information

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

    Trade media:
    Chris Stellwag
    Director, Marketing Communications,
    Simulation Products and Military Training & Services
    1-813-887-1242
    chris.stellwag@cae.com

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