CAE awarded contracts for 5 FFSs, training devices, and update services
- contracts valued at approximately C$85 million
- 35 full-flight simulators sold in fiscal year 2013
CAE (NYSE:CAE)(TSX:CAE) today announced that it has sold five full-flight simulators (FFSs) as well as a series of training devices, long-term service agreements and update services to airlines and original equipment manufacturers in Asia, Australasia, North America and Europe. The contracts are worth a total of approximately C$85 million at list prices and bring the total number of FFS sales that CAE announced in fiscal year 2013 to 35.
"Our simulator sales in fiscal 2013 continue to reflect our global reach. We have sold 60% of our simulators this year to customers in Asia and Australasia, 23% in North America and 17% in Europe," said Jeff Roberts, CAE's Group President, Civil Simulation Products, Training and Services. "We are very pleased that our longstanding customers continue to select CAE as their FFS partner of choice and that new airlines and OEMs are turning to CAE for the first time."
The Global Military Simulation and Virtual Training Market 2014-2024
Source : CAE