CAE awarded contracts for three full-flight simulators and training devices valued at C$50 million

MONTREAL, Sept. 27 /PRNewswire-FirstCall/ - (NYSE:CGT) (TSX:CAE) - CAE has signed contracts to design and manufacture three full-flight simulators (FFSs) and associated CAE Simfinity(R) training devices valued at approximately C$50 million at list prices. This brings the total FFS sales that CAE has announced in fiscal 2008 to 21.

CAE won a contract to design and manufacture a CAE 7000 Series Boeing 747-8 full-flight simulator (FFS) for Alteon Training, a subsidiary of the Boeing Company. In addition to the Boeing 747-8 FFS, Alteon ordered a suite of CAE Simfinity ground school training devices for the new Boeing 747-8 aircraft, including a CAE Simfinity integrated procedures trainer (IPT) and 36 virtual maintenance trainers (VMTs). The Boeing 747-8 FFS, which will also be convertible to a Boeing 747-400 FFS, and associated training devices will be delivered to Alteon in the fall of 2009.

The Boeing 777-300ER (extended range) FFS for Virgin Blue will be delivered in mid-2008. The simulator will feature the CAE True(TM) electric motion system, a new state-of-the-art all-electric motion system providing more accurate and authentic cues for pilot training. This contract is CAE's second this year with Virgin Blue, which will be taking delivery of the Boeing 777-300ER to initiate long-haul services.

Lion Air's Boeing 737-900ER FFS will be delivered to the Lion Air training centre in Jakarta, Indonesia in early 2008. This contract is CAE's first with Lion Air, Indonesia's leading domestic airline.

"We are delighted that Alteon, Virgin Blue and Lion Air have placed their trust and confidence in CAE as the industry's premier provider of the true fidelity simulation equipment to support pilot training programs for their Boeing aircraft," said Marc Parent, CAE's Group President, Simulation Products and Military Training & Services. "We're particularly pleased that Alteon, along with launch customers Nippon Cargo and Cargolux, have selected CAE for their Boeing 747-8 training programs as we have a unique history of developing prototype simulators for new aircraft."

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. www.cae.com

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.