CAE awarded military contracts valued at more than C$80 million
10 Juni 2009 - 12:00PM
Marketwired
(NYSE: CGT)(TSX: CAE) - CAE today announced a series of military
contracts valued at more than C$80 million. Key customers include
the United Kingdom Ministry of Defence, United States Navy and
other global militaries.
"In the first two months of our new fiscal year, we are
continuing to see momentum in our Military market segments as
defence customers look to expand their use of synthetic training,"
said Martin Gagne, CAE's Group President, Military Simulation
Products, Training and Services. "Simulation offers a number of
advantages, most notably cost advantages as well as the ability to
practice and rehearse different mission scenarios."
United Kingdom Ministry of Defence
The United Kingdom Ministry of Defence (MoD) has contracted CAE
Aircrew Training Services plc to perform major upgrades on two of
the CH-47 Chinook full-mission simulators located at CAE's Medium
Support Helicopter Aircrew Training Facility (MSHATF) at Royal Air
Force Station Benson. The investment being made by the UK MoD in
these upgrades will provide a significant enhancement to
operational training and mission rehearsal capabilities for Royal
Air Force (RAF) CH-47 Chinook aircrews.
United States Navy
The United States Navy has contracted CAE USA to perform major
upgrades on two MH-60S operational flight trainers located at Naval
Air Station (NAS) North Island. CAE will provide a range of
simulator upgrades, including the addition of simulation software
to support training for organic airborne mine countermeasures
(OAMCM). The MH-60S helicopter is used by the U.S. Navy for
airborne mine countermeasures, combat search and rescue,
anti-surface warfare, and carrier plane guard.
CAE is a world leader in providing simulation and modelling
technologies and integrated training solutions for the civil
aviation industry and defence forces around the globe. With annual
revenues exceeding C$1.6 billion, CAE employs more than 6,000
people at more than 90 sites and training locations in 20
countries. We have the largest installed base of civil and military
full-flight simulators and training devices. Through our global
network of 29 civil aviation and military training centres, we
train more than 75,000 crewmembers yearly. We also offer modelling
and simulation software to various market segments and, through
CAE's professional services division, we assist customers with a
wide range of simulation-based needs. www.cae.com
Contacts: CAE contacts: CAE Nathalie Bourque Vice President,
Public Affairs and Global Communications 1-514-734-5788
nathalie.bourque@cae.com Trade media: CAE Chris Stellwag Director,
Marketing Communications, Civil and Military 1-813-887-1242
chris.stellwag@cae.com Investor relations: CAE Andrew Arnovitz Vice
President, Investor Relations and Strategy 1-514-734-5760
andrew.arnovitz@cae.com
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