CAE awarded contracts valued at more than C$70 million for five full-flight simulators and update services

MONTREAL, CANADA—(Marketwired – March 25, 2015) – (NYSE:CAE)(TSX:CAE) – CAE today announced that it has sold five full-flight simulators (FFSs) and simulator update services to customers in North America, Europe, Africa and Asia. The contracts include:

One Bombardier Q400 simulator to Westjet Encore
One Aircraft Industries L 410 turboprop simulator to the Czech Aviation Training Centre (CATC)
One Boeing 737NG simulator to a customer in Africa
One Boeing 777 simulator to an undisclosed airline in Africa
One Boeing 737NG simulator for an undisclosed airline in Asia

The contracts are worth a total of more than C$70 million at list prices, and bring the total number of FFS sales announced year to date in fiscal year 2015 to 36. List prices include the value of OEM aircraft-specific data, parts and equipment (DP&E), normally procured by CAE in the manufacture of its simulators. In the case of these contracts, some customers are providing part of the OEM content.

“These new contracts are a testament to our global reach across all regions and to our industry leadership,” said Nick Leontidis, CAE’s Group President, Civil Simulation and Training. “As the commercial aviation market continues to grow at record levels, we are proud of the fact that these carriers have chosen CAE as their training partner of choice.”