CAE today announced that it has signed a contract for eight full-flight simulators (FFSs), flight training devices and a 15-year maintenance and service agreement with an undisclosed customer. The contract which was signed in CAE's second quarter is worth approximately C$210 million at list prices and brings the total number of FFS sales that CAE has announced to date in fiscal year 2014 to 23.
CAE (NYSE: CAE; TSX: CAE) is a global leader in modeling, simulation and training for civil aviation and defense. The company employs approximately 8,000 people at more than 100 sites and training locations in approximately 30 countries. CAE offers civil aviation, military, and helicopter training services in more than 45 locations worldwide and trains approximately 100,000 crewmembers yearly. In addition, the CAE Oxford Aviation Academy offers training to aspiring pilot cadets in 11 CAE-operated flight schools. CAE's business is diversified, ranging from the sale of simulation products to providing comprehensive services such as training and aviation services, integrated enterprise solutions, in-service support and crew sourcing. The company applies simulation expertise and operational experience to help customers enhance safety, improve efficiency, maintain readiness and solve challenging problems. CAE is leveraging its simulation capabilities in new markets such as healthcare and mining. www.cae.com
Follow us on Twitter @CAE_Inc
Nathalie Bourque, Vice President, Public Affairs and Global Communications,
+1-514-734-5788, [email protected]
Andrew Arnovitz, Vice President, Investor Relations and Strategy,
+1-514-734-5760, [email protected]