CAE secures its 10th and 11th full-flight simulator orders MONTREAL, Nov. 3 /PRNewswire-FirstCall/ -- (NYSE: CGT; TSX: CAE) - CAE has signed a term sheet with US Airways for the delivery of two full-flight simulators. So far in this fiscal year, CAE has secured 11 of the 12 announced worldwide competed simulator orders, compared to a total of 11 for all of last year. The term sheet involves the delivery of one EMBRAER 170 and one Bombardier CRJ200 full-flight simulator. Final agreement, including financing terms, is expected within 30 days. Under the agreement, US Airways would take delivery of the CRJ200 in spring 2004, while the EMBRAER 170 delivery would occur in August of that same year. "US Airways and CAE have forged a solid business relationship that is going on close to 25 years. We turn to CAE repeatedly for our training needs because the company consistently provides us with high-quality, leading-edge training equipment that we can rely on," said N. Bruce Ashby, president, US Airways Express. "CAE delivers on time and is very responsive to our short- and long-term requirements, throughout the various phases during simulation build time." All full-flight simulators currently operated by US Airways are CAE- built. "We are able to deliver to US Airways the equipment that will satisfy their regional training requirements," said Nick Leontidis, CAE's executive vice-president, customers, civil simulation and training. "Increasingly, regional airlines are finding CAE's value-based integrated training solutions to be an attractive option. Whether it's equipment or our full spectrum of integrated services, we tailor our offerings to meet their needs." CAE's simulator orders so far this fiscal year include contracts to provide JetBlue Airways with four Airbus A320 and two EMBRAER 190 full-flight simulators, Airbus with two A380 full-flight simulators and China Eastern Airlines with a Boeing 737-800 full-flight simulator. All of the simulators, including US Airways' two orders, will be equipped with the CAE Tropos(TM) visual system. CAE is a leading provider of integrated training solutions and advanced simulation and controls technologies to civil aviation, military and marine customers. The company generates annual revenues in excess of C$1 billion and employs more than 6,000 people in Canada, the United States and around the globe. High-resolution downloadable photos are available in our Photo Gallery in the Newsroom section of our Web site: http://www.cae.com/en/photos.shtml DATASOURCE: CAE INC. CONTACT: Johanne Denault, Manager, Public Relations, (514) 341-6780 ext. 4889, ; Source: Arthur Perron, Vice-President, Government and Media Relations, (514) 341-6780 ext. 5370,

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