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Thu, Aug 23, 2012

CAE Wins Military Contracts Valued At More Than $55 Million

Will Provide Sims In Oman, India, UK

CAE has won a series of military contracts valued at more than $55.3 million. They include a contract from Airbus Military to develop a C295 full-flight simulator (FFS) for the Royal Air Force of Oman (RAFO), a contract from BAE Systems to provide maintenance and support services for the Indian Air Force's Hawk training devices, and contracts from the UK Ministry of Defence to upgrade C-130J and Lynx simulators.

"These orders are indicative of the types of opportunities we see as a result of CAE's global footprint, position on key platforms, and the fundamental value of simulation-based training solutions," said Gene Colabatistto, Group President, Military Products, Training and Services, CAE.

"In growth markets such as the Middle East and India, we continue to see a solid pipeline of opportunities for our product and services. In addition, as militaries consider the increased use of synthetic training, there will be requirements to increase the level of fidelity and capability in existing training devices, as evidenced by this visual system upgrade program for the United Kingdom."

FMI: www.cae.com

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