(TSX: CAE)(NYSE: CGT) - CAE has been awarded contracts to design and manufacture three full-flight simulators (FFSs) and associated training devices valued at more than C$40 million at list prices. The contracts are with Saudi Arabian Airlines and the Hua Ou Aviation Training Centre in Beijing, China. CAE has announced so far a total of 26 FFS sales in fiscal year 2009.
"CAE's innovation and flexibility, as well as our commitment to work closely with our customers, allows us to find ways to address their specific training needs," said Marc Parent, CAE's Executive Vice President and Chief Operating Officer.
"We are uniquely positioned to create value for our customers as we offer the industry's most comprehensive portfolio of simulation products and training services."
Saudi Arabian Airlines
Saudi Arabian Airlines has ordered two CAE 7000 Series Airbus A320 FFSs, a CAE Simfinity(TM) Airbus A320 Level 5 flight training device (FTD), and suite of CAE Simfinity Airbus Pilot Transition (APT) trainers and Airbus Competence Training (ACT) classrooms for the A320, A330 and A340 aircraft. The training solutions will be delivered in 2009 to the Prince Sultan Aviation Training Academy in Jeddah.
"Saudi Arabian Airlines continues to grow and expand their operations and we are pleased they have selected CAE's true fidelity simulation equipment to support their Airbus pilot training program," said Marc Parent.
Hua Ou Aviation Training Centre
The Hua Ou Aviation Training Centre, a joint venture of Airbus and the China Aviation Supplies Holding Company (CAS), has ordered a CAE 7000 Series Airbus A330/340 convertible FFS. The simulator will be convertible to five types of A330 and A340 aircraft, including the A330-200 with three different engine types, the A340-300 and the A340-600. The simulator will be delivered in 2009 to the Hua Ou Aviation Training Centre in Beijing, China.
The Hua Ou Aviation Training Centre operates as one of the official Airbus Training Centres, providing a range of training services to airlines operating Airbus aircraft. The centre offers training for pilots, cabin crew and maintenance personnel.
"This investment is part of Hua Ou's plan to continuously enhance its support to the Chinese and Asian customers with a high standard of training and state-of-the-art facilities," said Raymond Lim, General Manager of Hua Ou. "The new simulator has incorporated the latest development of aviation technology and will help ensure our training standard."
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
Vice President, Public Affairs and Global Communications
Chris Stellwag, Director, Marketing Communications
Simulation Products and Military Training & Services
Andrew Arnovitz, Vice President
Investor Relations and Strategy
SOURCE: CAE Inc.