CAE (NYSE: CAE; TSX: CAE) announces today at the 2016 Farnborough International Airshow a series of contracts, including long-term training agreements with airlines in Asia as well as the sale of 9 full-flight simulators (FFSs) to commercial airlines, aircraft manufacturers and operators worldwide. These agreements, valued at more than C$180 million, highlight the span of CAE's training solutions, from airline pilot training, training centre operations services and innovative training equipment. They include:
Long-term airline pilot training agreements, highlighting the recurring nature of CAE's services
Airline training centre operations and technical support services illustrating CAE's broad range of solutions
Training equipment, including 9 full-flight simulators, demonstrating CAE's continued market leadership
"Demand for professional pilots is rising globally, and CAE is honored to be the training partner of choice of these airline customers and operators, supporting their growing pilot training needs", said Nick Leontidis, CAE's Group President, Civil Aviation Training Solutions. "These contracts are a testament to our enduring commitment to serving the global pilot training market with the most innovative training solutions."
The 9 full-flight simulators sales represent CAE's first nine FFS sales for fiscal 2017. The FFSs are at list prices, which include the value of OEM aircraft-specific data, parts and equipment (DP&E). In the case of these contracts, some customers are providing part of the OEM content.
Date: Jul 11, 2016