CAE wins orders worth C$58 million for full-flight simulators and training devices
21 September 2005 - 10:49PM
PR Newswire (US)
MONTREAL, Sept. 21 /PRNewswire-FirstCall/ -- (NYSE: CGT; TSX: CAE)
- CAE has been awarded contracts for four new full-flight
simulators and other training devices by several airlines around
the world. At list prices (and including some buyer-furnished
equipment), the total value of the contracts is approximately C$58
million. Longstanding CAE customer Japan Airlines International has
ordered three CAE-built Boeing 737 NG full-flight simulators, which
are scheduled to be delivered to the carrier's training centre at
Tokyo's Haneda Airport progressively over a 12-month period,
beginning in spring of 2007. These simulators will include electric
motion system technology. Finnish national carrier Finnair has
purchased a CAE-built EMBRAER 170 full-flight simulator and an
accompanying CAE Simfinity(TM) EMBRAER 170 flight management
systems trainer. The simulator is slated for installation in
Finnair's training centre in Helsinki, Finland, in summer of 2006.
All four of the simulators are Level D -- the highest level
performance rating for flight training equipment given by the U.S.
Federal Aviation Administration - and will be equipped with the CAE
Tropos(TM) visual system, which uses satellite imagery as well as
sophisticated weather and lighting effects to provide realistic
training scenarios for pilots. Air New Zealand has also purchased
bought a CAE Simfinity Boeing 777 integrated procedures trainer.
"In this competitive market, we are proud to continue building on
our relationships with such longstanding customers such as Japan
Airlines International, Finnair and Air New Zealand," said Marc
Parent, CAE's Group President, Simulation Products. "These orders
say a great deal about the quality of CAE's equipment and the
company's ability to offer a wide range of solutions." CAE is a
leading provider of simulation and modelling technologies as well
as integrated training services for commercial and business
aviation, and defence customers worldwide. The company has annual
revenues of approximately C$1 billion, with operations and training
facilities in 17 countries on five continents. DATASOURCE: CAE INC.
CONTACT: Media contacts: Nathalie Bourque, Vice President, Global
Communications, (514) 734-5788, ; Anne von Finckenstein, Manager,
Public Relations, (514) 340-5370, ; Investor relations: Andrew
Arnovitz, Director, Investor Relations, (514) 734-5760, ; On the
Web: http://www.cae.com/
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