CAE awarded civil aviation training solutions contracts valued at approximately C$120 million including seven full-flight simulators

MONTREAL, CANADA—(Marketwired – July 8, 2014) – (NYSE:CAE)(TSX:CAE) – CAE today announced that it has signed contracts for civil aviation training solutions including seven full-flight simulators (FFSs), a series of training devices as well as simulator update services to customers in North America, Asia, the Middle East and Eurasia. The contracts include the sale of:
one Bombardier Challenger 350 FFS to Bombardier Aerospace,
three B737-900ER and one ATR72-600 FFSs to Lion Air,
one Airbus A320 FFS to Middle East Airlines,
one Boeing 777 FFS to Turkish Airlines, and
major A320 simulator update services to Air France

The contracts are worth a total of approximately C$120 million at list prices. List prices include the value of OEM aircraft-specific data, parts and equipment (DP&E), normally procured by CAE in the manufacture of its simulators. In the case of these contracts, some customers are providing part of the OEM content. These sales bring to eleven the sales announced by CAE in its first quarter of fiscal year 2015, which started April 1, 2014.

“Our customers expect innovative, high quality training solutions and a best-in-class customer experience to meet their pilot training needs, and we are proud to be their partner of choice as they continue to expand their fleets,” said Nick Leontidis, CAE’s Group President, Civil Simulation and Training. “We value the trust and confidence that Bombardier, Lion Air, Middle East Airlines, Turkish Airlines and Air France place in CAE.”