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Press release from Marketwire

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

Thursday, July 05, 2012

CAE awarded contracts valued at more than C$50 million for three full-flight simulators, training devices and updates06:00 EDT Thursday, July 05, 2012MONTREAL, CANADA--(Marketwire - July 5, 2012) - (NYSE:CAE)(TSX:CAE) - CAE today announced that it has sold three full-flight simulators (FFSs) including an Airbus A330 FFS to Aeroflot, a Boeing 787 FFS to Air Canada and a Boeing 737NG FFS to Kunming Aviation Safety Training Centre in China. CAE also sold two integrated procedures trainers (IPTs) and two virtual maintenance trainers (VMTs) to Air Canada as well as various flight training devices and simulator updates to other customers. 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 2013 to seven."These simulator contracts reflect CAE's continued strength in serving emerging markets in China and Eastern Europe, as well as for new aircraft types such as the Boeing 787," said Jeff Roberts, CAE's Group President, Civil Simulation Products, Training and Services. "We are pleased to add Kunming as a new customer, and appreciate the continued confidence in CAE by long-time airline customers Aeroflot and Air Canada."AeroflotThe A330 FFS, a CAE 7000 Series, will be delivered to the Aeroflot training centre at Sheremetyevo Airport in Moscow, Russian Federation, in 2013. Aeroflot pilots will also make use of A330 simulators at CAE's training centres in Brussels, Madrid and Rome. Air CanadaThe CAE 7000 Series FFS for the Boeing 787, IPTs and VMTs will be delivered to the Air Canada training centre in Toronto in 2013. Kunming Aviation Safety Training CentreThe Boeing 737NG CAE 7000 Series FFS will feature a third-generation CAE Tropos™-6000 visual system. This is CAE's first sale to Kunming Aviation Safety Training Co., Ltd., which is owned by Sichuan Haite Hi-Tech Co., Ltd. Delivery will be in 2013.About CAECAE is a global leader in modelling, simulation and training for civil aviation and defence. The company employs approximately 8,000 people at more than 100 sites and training locations in approximately 30 countries. CAE offers civil aviation, military, and helicopter training services in more than 45 locations worldwide and trains approximately 100,000 crewmembers yearly. In addition, the CAE Oxford Aviation Academy offers training to aspiring pilot cadets in 12 CAE-operated flight schools. CAE's business is diversified, ranging from the sale of simulation products to providing comprehensive services such as training and aviation services, professional services, in-service support and crew sourcing. The company applies simulation expertise and operational experience to help customers enhance safety, improve efficiency, maintain readiness and solve challenging problems. CAE is 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 Strategy+1-514-734-5760andrew.arnovitz@cae.com