CAE concludes fiscal year 2009 with record order intake over C$1 billion for Military segments
30 April 2009 - 10:00PM
Marketwired
(TSX: CAE)(NYSE: CGT) CAE has ended fiscal year 2009 (April 1, 2008
to March 31, 2009) with record order activity in its military
segments. Order intake for CAE's military segments totaled C$1.09
billion, including more than C$540 million in the fourth quarter
alone. The total order intake represents a 47 per cent increase
over the last fiscal year and the largest annual military order
intake in the Company's history.
"Our strong military business and our diversification across
regions, products and services have enhanced CAE's position in the
current environment," said Marc Parent, CAE's Chief Operating
Officer. "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."
Some of the key orders this fiscal year include a contract from
the Government of Canada for C-130J aircrew training, a contract
extension with the Commonwealth of Australia to continue providing
training support services through 2018, and a contract to develop
Hawk 128 full-mission simulators for the U.K.'s Military Flying
Training System (MFTS) program. Rotorsim, the consortium owned
equally by CAE and AgustaWestland, signed contracts with the
Netherlands Ministry of Defence for comprehensive NH90 helicopter
training systems and services. Fiscal year 2009 also saw Helicopter
Flight Training Services (HFTS), a consortium owned equally by CAE,
Eurocopter, Thales and Rheinmetall Defence Electronics, inaugurate
NH90 training at the German Army Aviation School in Bueckeburg.
In the US military market, CAE USA won contracts with all
branches of the US services, including a series of contracts with
the United States Navy to design and manufacture MH-60S/R
simulators and additional contract options to continue development
and services as part of the Synthetic Environment Core (SE Core)
program for the US Army. During the fourth quarter, CAE was awarded
a contract from the US Army Program Executive Office for
Simulation, Training, and Instrumentation (PEO STRI) to perform
upgrades to the MH-60L Black Hawk and MH-47G Chinook combat mission
simulators (CMS) operated by the 160th Special Operations Aviation
Regiment - Airborne. CAE will convert the MH-60L simulator to the
newest variant of the Black Hawk helicopter called the MH-60M, and
will update the MH-47G CMS with aircraft survivability equipment
and other new functionalities.
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$1.4 billion, CAE employs approximately 7,000
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
Contacts: CAE contacts: Nathalie Bourque, Vice President Public
Affairs and Global Communications 514-734-5788
nathalie.bourque@cae.com Trade media: Chris Stellwag Director,
Marketing Communications, Simulation Products and Military Training
& Services 813-887-1242 chris.stellwag@cae.com Investor
relations: Andrew Arnovitz, Vice President Investor Relations and
Strategy 514-734-5760 andrew.arnovitz@cae.com
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