CAE records $1.09 billion in military orders in 2009
April 30, 2009, Montreal - Flight training company CAE Inc. says more than $1.09 billion in orders were received by its military business in fiscal 2009.
April 30, 2009 By Carey Fredericks
April 30, 2009, Montreal – Flight training company CAE Inc. says more
than $1.09 billion in orders were received by its military business
in fiscal 2009.
That total included more than $540 million in contracts in the
fourth quarter alone, the Montreal company said Thursday.
The annual total represents a 47 per cent increase over the last
fiscal year and is the largest annual military order intake in the
company's history, CAE said.
"Our strong military business and our diversification across
regions, products and services have enhanced CAE's position in the
current environment," said Marc Parent, the company's chie
"As more militaries and governments look to an increased use of
simulation and synthetic training, the defence market continues to
be positive for CAE as demonstrated by our record order intake for
fiscal year 2009."
CAE is a world leader in providing simulation and modelling
technologies and integrated training for the civil aviation industr
and defence forces around the world.
The company employs 7,000 people and has annual revenues of more
than $1.4 billion.