MONTREAL, CANADA -- (Marketwire) -- 03/07/13 -- (NYSE: CAE)(TSX: CAE) - CAE today announced it has won a series of services and upgrade contracts during the first two months of its fiscal year 2013 fourth quarter valued at approximately C$90 million. They include contracts to provide C-130 training support services, upgrades for the United States Navy's MH-60S helicopter simulators and training devices, maintenance and support services for the German Armed Forces and a contract extension to provide in-service support services for an undisclosed customer.
"Our large installed base of simulators and training devices around the world continue to provide a steady source of orders for ongoing sustainment, maintenance and support services," said Gene Colabatistto, Group President, Military Products, Training and Services, CAE. "We are also seeing increased opportunities for simulator upgrades and updates as defence forces look for ways to increase the amount of training done in a synthetic environment."
USAF/Taiwan C-130 Training Support Services
Under subcontract to Lockheed Martin, CAE will continue providing a range of maintenance and support services for the United States Air Force (USAF). CAE will provide maintenance, logistics and engineering support services to support the USAF C-130J Maintenance and Aircrew Training System program as well as the C-130 Aircrew Training System program. In addition, CAE will provide maintenance and support services for the CAE-built C-130H training devices operated by the Taiwan Air Force.
U.S. Navy MH-60S
CAE will perform upgrades on U.S. Navy MH-60S operational flight trainers and weapons tactics trainers to increase training system fidelity as well as maintain concurrency with current aircraft upgrades. The MH-60S training device upgrades include updating the aircraft operational program and aerodynamics model, as well as incorporating updates related to weapons and airborne mine counter measures.
German Armed Forces
CAE was recently awarded one-year contract extensions by the German Armed Forces to continue providing on-site maintenance for flight simulation equipment. CAE's annual support service contracts with the German Armed Forces covers the maintenance of flight simulators for fighter aircraft, transport aircraft, and helicopters. CAE has engineers and technicians at more than 20 sites in Europe to maintain almost every flight simulator in service with the German Armed Forces.
CAE will provide comprehensive in-service support services, including systems engineering and data management, to an undisclosed military customer.
CAE is a global leader in modelling, simulation and training for civil aviation and defence. The company employs approximately 8,000 people at more than 100 sites and training locations in approximately 30 countries. CAE offers civil aviation, military and helicopter training services in more than 45 locations worldwide and trains approximately 100,000 crew members yearly. In addition, the CAE Oxford Aviation Academy offers training to aspiring pilot cadets in 11 CAE-operated flight schools. CAE's business is diversified, ranging from the sale of simulation products to providing comprehensive services such as training and aviation services, integrated enterprise solutions, in-service support and crew sourcing. The company applies simulation expertise and operational experience to help customers enhance safety, improve efficiency, maintain readiness and solve challenging problems. CAE is now leveraging its simulation capabilities in new markets such as healthcare and mining. www.cae.com
Nathalie Bourque, Vice President,
Public Affairs and Global Communications
Chris Stellwag, Director,
Marketing Communications - Military
Andrew Arnovitz, Vice President,
Investor Relations and Strategy
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