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CAE wins $55 million in contracts for simulators

phpynmi2hpmNov. 9, 2009, Montreal - Flight simulator company CAE INC. has signed contracts valued at $55 million to design and manufacture four full-flight simulators and related training devices.


November 9, 2009
Carey Fredericks
   
 phpynmi2hpm  
   

Nov. 9, 2009, Montreal – Flight simulator company CAE INC. has signed
contracts valued at $55 million to design and manufacture four
full-flight simulators and related training devices, and to provide
simulator updates and relocations.

The contracts are with Malaysia Airlines, Kenya Airways, Korean
Air, and Mount Cook Airlines and bring to 10 the total simulator
sales this fiscal year, CAE said Monday.

“The civil aerospace market continues to be challenging;
however, CAE's diversified portfolio allows us to offer airlines a
range of aviation training solutions tailored to our airline
customers' requirements,'' said Jeff Roberts, CAE's group president
of civil simulation products, training and services.

CAE is a world leader in providing simulation and modelling
technologies and integrated training services to the civil aviation
industry and defence forces around the world.

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The company has annual revenues of more than C$1.6 billion and a
workforce of more than 6,500 people in 20 countries.