CAE wins new contract valued at US$66 million for additional U.S. Navy MH-60S helicopter simulators

TAMPA, FL, Aug. 13 /PRNewswire-FirstCall/ - (NYSE:CGT) (TSX:CAE) - CAE USA has been awarded a contract by the United States Navy valued at more than US$66 million (C$70 million), including options, to design and manufacture three additional MH-60S operational flight trainers (OFTs) and two additional MH-60S weapons tactics trainers (WTTs). The Navy has exercised the first option, valued at more than US$15 million, to begin design and development of an MH-60S OFT.

CAE USA is now under contract to design and build seven MH-60S OFTs and six MH-60S WTTs for the U.S. Navy. The new MH-60S OFTs will all be full-motion simulators also featuring CAE's unique three degree-of-freedom (DOF) helicopter vibration platform for added realism. The new MH-60S OFTs and WTTs will be delivered to either Naval Air Station (NAS) Norfolk or NAS North Island beginning in 2009.

"After winning the MH-60S program in 2004, we have delivered solid program performance and the Navy has seen first-hand our helicopter simulation expertise and experience for both flight and rear crews," said John Lenyo, President and General Manager, CAE USA. "We are extremely pleased that after the latest competitive procurement for MH-60S training systems, the Navy has once again placed its trust and confidence in CAE as their rotary-wing training partner."

CAE began delivering MH-60S simulators to the Navy in early 2006. To date, CAE has delivered two MH-60S OFTs to NAS Norfolk, and one MH-60S OFT to NAS North Island. In addition, CAE has delivered one MH-60S WTT to NAS Norfolk and one MH-60S WTT to NAS North Island. The MH-60S WTTs are used to train the sensor operators and rear-crew. When networked together, the OFT and WTT form an MH-60S tactical operational flight trainer (TOFT) that provides a total aircrew mission training solution.

Last week, CAE announced the United States Navy had exercised a contract option for CAE to design and manufacture a third MH-60R TOFT. CAE won the MH-60R program in 2006 and will begin delivering MH-60R TOFTs in late 2008 to NAS Mayport. CAE is under contract, including options, to design and manufacture a total of four MH-60R TOFTs.

The MH-60S and MH-60R helicopters form the cornerstone of the Navy's Helicopter Master Plan with both helicopters sharing a common cockpit and technology. The MH-60S Knighthawk is used for missions such as vertical replenishment and airborne mine countermeasures. The MH-60R Seahawk is used primarily for anti-submarine and anti-surface warfare. The Navy plans to procure 271 MH-60S helicopters and 254 MH-60R helicopters through 2015.

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 billion, CAE employs more than 5,500 people at more than 75 sites and training locations in 19 countries. We have the largest installed base of civil and military full-flight simulators and training devices. Through our global network of 24 aviation training centres, equipped with over 115 full-flight simulators, we train more than 50,000 crewmembers yearly. We also offer modelling and simulation software to various market segments and have a professional services division assisting customers with a wide range of simulation-based needs.

Source: CAE INC.

Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.