CAE Inc.
TSX : CAE
NYSE : CGT

CAE Inc.

September 10, 2008 06:58 ET

CAE wins contracts for four full-flight simulators and training devices valued at C$54 million

MONTREAL, QUEBEC--(Marketwire - Sept. 10, 2008) - CAE (TSX:CAE) (NYSE:CGT) today announced it has been awarded contracts to design and manufacture four full-flight simulators (FFSs) and associated training devices valued at more than C$54 million at list prices. The contracts are with Cathay Pacific Airways, Southwest Airlines, Lufthansa Flight Training, as well as Flight Simulation Company. CAE has now announced a total of 18 FFS sales in fiscal year 2009.

"As the global airline industry continues to face a challenging business climate and a worldwide shortage of pilots, CAE is well-positioned to help airlines and third-party training centres meet their pilot training requirements with the industry's most comprehensive portfolio of simulation products," said Marc Parent, CAE's Group President, Simulation Products and Military Training & Services.

Cathay Pacific Airways

CAE has sold a CAE 7000 Series Boeing 747-8 FFS to Cathay Pacific Airways. The Boeing 747-8 FFS is required to support pilot training in preparation for Cathay Pacific taking delivery of new Boeing 747-8 Freighter aircraft. The simulator will be delivered in 2010 to Cathay Pacific's flight training centre in Hong Kong. In addition, Cathay Pacific has ordered a CAE Simfinity™ Integrated Procedures Trainer and CAE Simfinity Virtual Maintenance Trainer for the Boeing 747-8 aircraft.

Southwest Airlines

CAE has sold a CAE 7000 Series Boeing 737-700 FFS to Southwest Airlines. The Boeing 737-700 FFS for Southwest will be delivered in 2009 to Southwest's training centre in Dallas, Texas. The simulator will feature the CAE True™ electric motion system. It is the first simulator bought by Southwest since 2004 and will be the sixth CAE-built FFS operated by Southwest.

"CAE has been selected to supply our newest full-flight simulator by agreeing to an aggressive manufacturing schedule to meet our training requirements," said Joe Marott, Director of the Southwest Airlines Flight Operations Training Center. "This project is a continuation of the successful partnership enjoyed by both of our Companies."

Lufthansa Flight Training

Lufthansa Flight Training GmbH (LFT) has ordered a CAE 7000 Series Airbus A330/340 convertible full-flight simulator (FFS). The CAE 7000 Series FFS will be convertible to an Airbus A330-300 and Airbus A340-600 configuration. The simulator will be delivered in October 2009 to LFT's new training centre in Munich, Germany. LFT has now ordered a total of 32 CAE flight simulators since 1980, including six over the past two years.

Flight Simulation Company (FSC)

CAE has won a contract to design and manufacture a CAE 7000 Series Airbus A320 FFS for Flight Simulation Company (FSC). Based in Europe, FSC is an independent provider of simulator capacity, crew training, and simulator leasing services and consultancy to commercial airlines and simulator operators.

"We're pleased to continue our relationship with CAE as our provider of world-class simulation equipment for the comprehensive pilot training programs we offer," said Captain Bob van Balen, Managing Director, Flight Simulation Company.

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

Notes to Editors:

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

Cathay Pacific Airways

- Type: CAE 7000 Series Boeing 747-8F FFS

- Motion: CAE True™ electric motion system

Southwest Airlines

- Type: CAE 7000 Series Boeing 737-700 FFS

- Motion: CAE True electric motion system

Lufthansa Flight Training

- Type: CAE 7000 Series A330/340 convertible FFS

- Motion: CAE True electric motion system

FSC

- Type: CAE 7000 Series Airbus A320 FFS

- Visual: CAE Tropos-6000 with LCoS projectors

- Motion: CAE True electric motion system

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