Press release from Marketwire
CAE awarded contracts valued at approximately C$85 million for five full-flight simulators, training devices, and update services
- 35 full-flight simulators sold in fiscal year 2013
Wednesday, April 03, 2013
CAE awarded contracts valued at approximately C$85 million for five full-flight simulators, training devices, and update services06:00 EDT Wednesday, April 03, 2013
MONTREAL, CANADA--(Marketwired - April 3, 2013) - (NYSE:CAE)(TSX:CAE) - CAE today announced that it has sold five full-flight simulators (FFSs) as well as a series of training devices, long-term service agreements and update services to airlines and original equipment manufacturers in Asia, Australasia, North America and Europe. The contracts are worth a total of approximately C$85 million at list prices and bring the total number of FFS sales that CAE announced in fiscal year 2013 to 35.
"Our simulator sales in fiscal 2013 continue to reflect our global reach. We have sold 60% of our simulators this year to customers in Asia and Australasia, 23% in North America and 17% in Europe," said Jeff Roberts, CAE's Group President, Civil Simulation Products, Training and Services. "We are very pleased that our longstanding customers continue to select CAE as their FFS partner of choice and that new airlines and OEMs are turning to CAE for the first time."
CAE 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 crew members yearly. In addition, the CAE Oxford Aviation Academy offers training to aspiring pilot cadets in 11 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, integrated enterprise solutions, 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.com.
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