CAE Wins Orders Valued at over C$126 Million
Dec. 18, 2007, Montreal, Que.- CAE has signed contracts to design and manufacture eight full-flight simulators (FFSs) and associated CAE Simfinity(TM) training devices.
Dec. 18, 2007, Montreal, Que.- CAE has signed contracts to design and
manufacture eight full-flight simulators (FFSs) and associated CAE Simfinity(TM)
training devices. The contracts with Continental, US Airways, Etihad,
Air Algérie and Alteon Training have a total list price value of more than
C$126 million and bring the total FFS sales that CAE has announced so far in
fiscal 2008 to 29.
"We are delighted that these customers have placed their trust and
confidence in CAE as the industry's premier provider of true fidelity
simulation equipment to support pilot training programs," said Marc Parent,
CAE's Group President, Simulation Products and Military Training Services.
"We are pleased that long-time customers Continental and US Airways have once
again selected CAE. The legacy carriers in the United States are beginning to
address their fleet renewal needs and we anticipate this will eventually
provide CAE with more opportunities in the North American market."
Continental Airlines has ordered a CAE 7000 Series Boeing 787 FFS and a
suite of CAE Simfinity training devices. The Boeing 787 FFS for Continental is
CAE's first for a North American carrier and sixth simulator for the new
Boeing 787 aircraft that CAE has been contracted to design and manufacture
globally. The simulator, along with a CAE Simfinity flight training device
(FTD) and CAE Simfinity virtual simulator (VSIM) for the Boeing 787 aircraft,
will be delivered to Continental's training centre in Houston in 2008.
"We look forward to adding the Boeing 787 to our fleet, and to do so we
need the highest quality and highest fidelity simulators for our pilot
training program," said Captain Fred Abbott, Continental's Vice President of
Flight Operations. "For many years, CAE has been an excellent partner working
with Continental's Flight Training and Purchasing groups to deliver high
quality and reliable simulation equipment. We expect this will continue as we
add the Boeing 787 to our training portfolio."
US Airways, the fifth largest domestic airline in the United States, has
ordered two CAE 7000 Series Airbus A320 FFSs, and one CAE 7000 Series Airbus
A330/A340 FFS. In addition, US Airways will receive nine CAE Simfinity
Integrated Procedures Trainers (IPTs) as well as CAE Simfinity VSIMs for both
the A320 and A330/A340 aircraft platforms. The FFSs and IPTs will be delivered
by late 2008 to US Airways training centres in either Charlotte, North
Carolina or Phoenix, Arizona. The CAE 7000 Series FFSs for US Airways will all
feature CAE's next-generation visual solution, including the CAE
Tropos(TM)-6000 visual system and Liquid Crystal on Silicon (LCoS) projectors.
The simulators will also feature the CAE True(TM) electric motion system.
"We're very pleased to continue our relationship with CAE and look
forward to working with them to meet our training needs," said US Airways
Managing Director Flight Training and Standards Robert Skinner.
Etihad Airways, the national carrier of Abu Dhabi, has ordered a CAE 7000
Series Airbus A320 FFS as well as a CAE Simfinity Maintenance/Flight Training
Device (M/FTD) that will be reconfigurable to the Airbus A320, A330, and A340
aircraft platforms. The A320 FFS for Etihad will be delivered in 2008 to
Etihad's training centre in Abu Dhabi. The simulator will feature the CAE True
electric motion system and CAE's next-generation visual solution. The CAE
Simfinity M/FTD is a multi-task trainer that will be used for flight crew and
maintenance training by Etihad.
Air Algérie has ordered a CAE 7000 Series Boeing 737NG FFS that will be
delivered to their training centre in Algiers in 2008. The simulator will
feature the CAE True electric motion system and CAE's visual system. This is
CAE's first contract with Air Algérie to provide a full-flight simulator.
Alteon Training, a subsidiary of the Boeing Company, has awarded CAE a
contract for two FFSs. One simulator will be a CAE 7000 Series Boeing 737NG
FFS; Alteon will decide on the specific platform for the second simulator at a
"This contract is the result of Boeing's commitments to Canadian business
arising from the government's purchase of four C-17 aircraft. This stands as a
testament to the talent and abilities of this region's businesses," said the
Government of Canada. "There are many more projects to come, each with a
guaranteed 100-percent return on investment and, given the extensive capacity
of Canadian industry, businesses from all regions of Canada are expected to
CAE is a world leader in providing simulation and modelling technologies
and integrated training solutions for the civil aviation industry and defence
forces around the globe. With annual revenues exceeding C$1 billion, CAE
employs approximately 6,000 people at more than 75 sites and training
locations in 20 countries. We have the largest installed base of civil and
military full-flight simulators and training devices. Through our global
network of 27 civil aviation and military training centres, we train more than
75,000 crewmembers yearly. We also offer modelling and simulation software to
various market segments and through CAE's professional services division, we
assist customers with a wide range of simulation-based needs. www.cae.com
For further information: CAE: Pascale Alpha, Director, Global Communications,
(514) 340-5475, email@example.com; Trade media: Chris Stellwag,
Director, Marketing Communications, Simulation Products and Military Training
Services, (813) 887-1242, firstname.lastname@example.org; Investor relations:
Andrew Arnovitz, Vice President, Investor Relations and Strategy, (514)