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CAE wins contracts valued at $54 million

Sept. 10, 2008, Montreal - CAE today announced it has been awarded contracts to design and manufacture four full-flight simulators (FFSs) and associated training devices valued at more than $54 million at list prices.


September 10, 2008
By Carey Fredericks

Sept. 10, 2008, Montreal – CAE today announced it has been awarded contracts to design and manufacture four full-flight simulators (FFSs) and associated training devices valued at more than $54 million at list prices. The contracts are with Cathay Pacific Airways, Southwest Airlines, Lufthansa Flight Training, as well as Flight Simulation Company. CAE has now announced a total of 18 FFS sales in fiscal year 2009.

"As the global airline industry continues to face a challenging business climate and a worldwide shortage of pilots, CAE is well-positioned to help airlines and third-party training centres meet their pilot training requirements with the industry's most comprehensive portfolio of simulation products," said Marc Parent, CAE's Group President, Simulation Products and Military Training & Services.