CAE awarded contracts in Africa and in China for four full flight simulators valued at approximately $50 million

MONTREAL, CANADA—(Marketwired – Oct. 8, 2013) – CAE (NYSE:CAE)(TSX:CAE) today announced that it has sold four full-flight simulators (FFSs) and some flight training devices to customers in Africa and China. They include a Boeing 787 simulator to Ethiopian Airlines, a Sikorsky S-92 helicopter simulator to the Zhuhai Flight Training Centre (ZFTC) in China, and two other FFSs to an undisclosed customer in Africa. The contracts are worth approximately C$50 million at list prices and bring the total FFS sales that CAE announced to date during fiscal year 2014 to 27.

“Our joint venture with China Southern Airlines, ZFTC, continues to expand and we are pleased to broaden our relationship with operators in the fast growing Africa aviation market such as Ethiopian Airlines,” said Nick Leontidis, CAE Group President, Civil Simulation Products, Training and Services.