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Press release from Marketwire

CAE awarded contracts valued at more than C$70 million for four full-flight simulators and various updates

Wednesday, September 28, 2011

CAE awarded contracts valued at more than C$70 million for four full-flight simulators and various updates06:00 EDT Wednesday, September 28, 2011MONTREAL, CANADA--(Marketwire - Sept. 28, 2011) - (NYSE:CAE)(TSX:CAE) – CAE today announced that it has sold four Level D full-flight simulators (FFS) to customers in Southeast Asia, the Middle East, Eastern Europe and Australia. The four FFSs include: an Airbus A380 to Thai Airways International, an Airbus A330 to Gulf Aviation Academy (GAA), an Airbus A320 to Russian aviation equipment company NITA (New Information Technologies in Aviation) on behalf of the Ministry of Transport of Russia, and an Embraer Phenom 100 to CAE Global Academy Perth, a joint venture flight school with China Southern Airlines located in Australia. CAE also signed contracts with various customers for updates of CAE-built simulators.The contracts are worth a total of more than C$70 million at list prices, and bring the total number of FFS sales that CAE has announced to date during fiscal year 2012 to 15."The Thai Airways, Gulf Aviation Academy and NITA Russia contracts reflect CAE's continued expansion into emerging markets worldwide. The new Phenom simulator in Perth demonstrates our commitment and growing capability to meet the demand for well-qualified ab initio pilots through the CAE Global Academy network," said Jeff Roberts, CAE's Group President, Civil Simulation Products, Training and Services. "We are also encouraged by the increasing number of customers who are leveraging CAE's extensive technical expertise to update their simulators with enhanced training capabilities."Thai Airways This is CAE's first FFS sale to Thai Airways International, the national carrier of the Kingdom of Thailand. The CAE 7000 Series A380 FFS will be delivered in 2013 to Thai's flight simulator facility at the airline's headquarters in Bangkok.Gulf Aviation Academy This is GAA's fourth CAE simulator. The new CAE 7000 Series A330 FFS will incorporate a CAE Tropos™-6000 visual system, and will be delivered in mid-2012 to GAA in the Kingdom of Bahrain. NITA / Russian Ministry of Transport CAE has been contracted by NITA to deliver a CAE 5000 Series Airbus A320 FFS with CAE Tropos-6000 visual system to the Federal Air Transport Agency, part of the Ministry of Transport of Russia, for cadet training at the Ulyanovsk Higher Civil Aviation School (UHCAS). The simulator will be delivered to Ulyanovsk in mid-2012. CAE Global Academy Perth The Embraer Phenom 100 CAE 5000 Series FFS will be the first Phenom simulator delivered to an ab initio flight school. The former China Southern West Australian Flying College (CSWAFC) is capable of training nearly 300 cadet pilots annually and is part of the CAE Global Academy network of 11 flight schools which have the capacity to train up to 1,800 new pilots each year.About CAE CAE is a global leader in modelling, simulation and training for civil aviation and defence. The company employs more than 7,500 people at more than 100 sites and training locations in more than 20 countries. Through CAE's global network of 32 civil aviation, military and helicopter training centres, the company trains more than 80,000 crewmembers yearly. CAE's business is diversified, ranging from the sale of simulation products to providing comprehensive services such as training and aviation services, professional services and in-service support. The company aims to apply its simulation expertise and operational experience to help customers enhance safety, improve efficiency, maintain readiness and solve challenging problems. CAE is now leveraging its simulation capabilities in new markets such as healthcare, where CAE is now a leader, and mining. www.cae.comFOR FURTHER INFORMATION PLEASE CONTACT: Nathalie Bourque, Vice President,CAE contacts:Public Affairs and Global Communications514-734-5788nathalie.bourque@cae.comORRick Adams, Senior ManagerTrade media - civil aviation:Marketing Communications - Civil Aviation+1-214-864-5409rick.adams@cae.comORAndrew Arnovitz, Vice President,Investor relations:Investor Relations and Strategy514-734-5760andrew.arnovitz@cae.com