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Press release from Marketwire

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

Wednesday, December 14, 2011

CAE awarded contracts valued at more than C$50 million for four full-flight simulators and training devices07:40 EST Wednesday, December 14, 2011MONTREAL, CANADA--(Marketwire - Dec. 14, 2011) - (NYSE:CAE)(TSX:CAE) - CAE today announced that it has sold four Level D full-flight simulators (FFS), including an ATR 42/72-600 FFS to European aircraft manufacturer ATR; a Bombardier Dash 8 Q400 FFS to Ethiopian Airlines, the flag carrier of Ethiopia; and two FFSs, an Airbus A320 and a Boeing 737, to Shanghai Eastern Flight Training Centre, the training subsidiary of China Eastern Airlines. CAE also received contracts for training devices and for simulator update services from several airlines.The contracts are worth a total of more than C$50 million at list prices, and bring the total number of FFS sales that CAE has announced to date during fiscal year 2012 to 25."These contracts are from customers based in three continents and reflect the range of solutions CAE can offer to aircraft manufacturers developing new aircraft, new airline customers expanding their fleets in emerging markets, and flight training organizations increasing capacity to address customer growth requirements," said Jeff Roberts, CAE's Group President, Civil Simulation Products, Training and Services. "CAE's comprehensive simulation expertise and flexible solutions can be tailored to any civil aviation business model to enhance safety and operational efficiency."ATRThis is the second CAE FFS for ATR's new -600 program. The world's first FFS to replicate the ATR42-600 and ATR72-600 cockpits is currently being deployed at ATR's training centre headquarters in Toulouse, France. The second FFS will be ready for training by the end of 2012 at a location to be announced. The contract also includes a second CAE Simfinity™ maintenance/flight simulation training device (MFSTD) and a CAE brief/debrief station. Ethiopian AirlinesThe Q400 FFS is CAE's first simulator sale to Ethiopian. The CAE 5000 Series FFS will incorporate a CAE Tropos-6000 visual system and will be qualified to Level D standards. The FFS will be delivered by the end of 2012 to the Ethiopian Aviation Academy in Addis Abeba, Ethiopia.Shanghai Eastern Flight Training CentreThe A320 and Boeing 737 FFSs for Shanghai Eastern Flight Training Centre (SEFTC) are CAE 7000 Series Level D simulators with CAE Tropos-6000 visual systems. The FFSs will be delivered to SEFTC at its facilities at Shanghai Pudong Waigaoqiao Free Trade Zone in China in the first half of 2013. About CAECAE 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 33 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 and mining. www.cae.comFOR FURTHER INFORMATION PLEASE CONTACT: Nathalie Bourque, Vice President,CAE contacts:Public Affairs and Global Communications+1-514-734-5788nathalie.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