CAE closes acquisition of Flightscape

MONTREAL, Aug. 29 /PRNewswire-FirstCall/ - CAE announced today that it has closed the previously-announced acquisition of Flightscape Inc.

The acquisition of Flightscape is expected to complement CAE's innovative training solutions aimed at enhancing the efficiency and safety of its customers.

Flightscape is an Ottawa-based safety company providing expertise in flight data analysis and flight sciences. The company's core products and product service offerings are based on the gathering and analysis of aircraft flight data to deliver improved flight safety. It offers a suite of aviation safety products and services related to flight operations quality assurance, flight data management, incident investigation and accident prevention. The company's customers include many leading airlines and a majority of international investigation authorities and OEMs. Flightscape also powers IATA's web-based Flight Data Analysis Service for airlines seeking an outsourced solution that provides highly specialized expertise, infrastructure savings and a turnkey safety solution.

CAE (NYSE:CGT) (TSX: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.

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