CAE wins contracts for four full-flight simulators valued at more than C$50 million
July 15 2008 - 7:32AM
Marketwired
FARNBOROUGH, UNITED KINGDOM (TSX: CAE) - Today at the
Farnborough Air Show, CAE announced it had been awarded contracts
to design and manufacture four full-flight simulators (FFSs) and
associated training devices valued at more than C$50 million at
list prices. The contracts are with Etihad Airways, British
Airways, Bombardier and Embraer. CAE has now announced a total of
14 FFS sales in fiscal year 2009, which began April 1.
During Farnborough, CAE announced C$128 million in civil
aviation and military contracts including the sale of these four
full-flight simulators.
"CAE is uniquely positioned to help enhance the safety and
efficiency of aviation with our simulation-based product and
service offerings," said Marc Parent, CAE's Group President,
Simulation Products and Military Training & Services. "Our
comprehensive portfolio of integrated training solutions provides a
wide range of choices to operators to develop training programs
that best suit them. This level of flexibility is particularly
valuable in the current environment as airlines are actively
seeking additional productivity gains to help alleviate the impact
of high fuel costs."
Etihad Airways
Today during a ceremony at the Farnborough Air Show, Etihad
Airways Executive Vice President Finance, James Rigney, and CAE's
Marc Parent signed the contract for CAE to provide a Boeing
777-300ER (extended range) FFS and a CAE Simfinity(TM) Boeing 777
Integrated Procedures Trainer to Etihad Airways, the national
airline of the United Arab Emirates. The simulator will be
delivered in 2009 to Etihad's training centre in Abu Dhabi.
"The Boeing 777 is an important aircraft in Etihad's fleet
strategy and it is vital that we have the best equipment and
technology in place to train our pilots to the very highest
standards," said James Rigney. "It will be one of most advanced
simulators in the industry and because the onboard technology can
be regularly upgraded, we will be able to use it for many
years."
"Etihad Airways continues to grow and expand its operations and
we are pleased it has again selected CAE's true fidelity simulation
equipment to support their Boeing 777 pilot training program," said
Marc Parent. "We have developed a close business relationship with
Etihad over the past five years and look forward to supporting
Etihad's growth initiatives in the future."
British Airways
CAE has won a contract to design and manufacture a CAE 7000
Series Airbus A320 FFS for British Airways. The simulator will be
delivered to British Airways training centre at Heathrow Airport in
the spring of 2009. This is the seventh full-flight simulator
British Airways has ordered from CAE, and the first since 2000.
"Every year British Airways pilots spend more than 40,000 hours
in the flight simulators at our Heathrow flight training facility.
We strive for excellence in our pilot training programs and having
the very best equipment is vital" said Mike Burtenshaw Manager
Flight Training at British Airways. "We are pleased to continue our
long-standing business relationship with CAE by adding the A320 to
our fleet of 14 full-flight simulators."
Bombardier
CAE has sold a CAE 7000 Series Global Express(i) aircraft FFS to
Bombardier(i). The Bombardier Global Express(i) aircraft FFS will
be the first to feature the new Bombardier Global Vision Flight
Deck, a trademark of Bombardier Inc., an innovative new cockpit
integrating advanced avionics with a range of ergonomic features.
The simulator will be delivered in 2009 to Bombardier's Montreal
training centre.
"This simulator will leverage the technology and fidelity that
we have evolved in the existing Global Express(i) aircraft
simulators we purchased from CAE. It will allow us to provide
accurate and effective training for our customers right from the
start as the aircraft enters service. We will also be able to
showcase the Global Vision Flight Deck as we grow our training
program portfolio", says Hank Blasiak, General Manager, Commercial
Training, Bombardier.
Embraer
CAE has sold a CAE 7000 Series Embraer 170/190 full-flight
simulator to Embraer, who will provide training for its E-Jets
operators in Europe. The simulator will be delivered to a European
training centre to be determined by Embraer in early 2009.
"Continuing to offer a full range of training capabilities to
our customers in Europe is very important to us and this new
full-flight simulator is yet another proof of our commitment to our
customers," said Simon Newitt, Embraer's Director of Customer
Training. "We are glad that CAE is supplying Embraer with this
full-flight simulator which will help us to provide the best
training solutions in the market."
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
Our annual report and annual information form for the year ended
March 31, 2008 have been filed with the Canadian securities
commissions and are available on our website (www.cae.com), on
SEDAR (www.sedar.com) and a free copy is available to shareholders
upon request to CAE. They have also been filed with the U.S.
Securities and Exchange Commission under Form 40-F and are
available on EDGAR (www.sec.gov).
(i) Either registered or unregistered trademarks of Bombardier
Inc. or its subsidiaries.
Notes to Editors:
Following are some details on the technical features of the
full-flight simulators for each customer:
Etihad Airways
- Type: CAE 7000 Series Boeing 777-300ER FFS
- Visual: CAE Tropos(TM)-6000 with liquid crystal on silicon (LCoS)
projectors
- Motion: CAE True(TM) electric motion system
British Airways
- Type: CAE 7000 Series Airbus A320 FFS
- Motion: CAE True electric motion system
Bombardier
- Type: CAE 7000 Series Bombardier Global Express FFS
- Visual: CAE Tropos-6000 with LCoS projectors
- Motion: CAE True electric motion system
Embraer
- Type: CAE 7000 Series Embraer 170/190 FFS
- Visual: CAE Tropos-6000 with LCoS projectors
- Motion: CAE True electric motion system
High Resolution Photos will be available on
http://www.cae.com/
Contacts: CAE contacts: Nathalie Bourque Vice President, Public
Affairs and Global Communications 1-514-734-5788
nathalie.bourque@cae.com Trade media: Chris Stellwag Director,
Marketing Communications, Simulation Products and Military Training
& Services 1-813-887-1242 chris.stellwag@cae.com Investor
relations: Andrew Arnovitz Vice President, Investor Relations and
Strategy 1-514-734-5760 andrew.arnovitz@cae.com www.cae.com
Cae (NYSE:CGT)
Historical Stock Chart
From Jun 2024 to Jul 2024
Cae (NYSE:CGT)
Historical Stock Chart
From Jul 2023 to Jul 2024