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Aircraft industry

CAE Announces Multi-Million Dollar Contracts with Airlines Globally

Strategic Insights

— 1 min read

CAE, a leading provider of simulation and modeling technologies, announced a significant number of contracts with airline customers worldwide, totaling approximately C$100 million. The contracts include the sale of six CAE 7000 Series full-flight simulators to British Airways, Garuda Indonesia, Skymark Airlines, US Airways, and an undisclosed North American airline. Additionally, CAE has signed contracts for upgrades and updates of simulators with various airlines.

These contracts demonstrate CAE's commitment to providing high-quality training solutions to its customers. The company's technology advantage and comprehensive portfolio of training solutions have been recognized by airlines across the globe. CAE's full-flight simulators are designed to provide a realistic and immersive training experience, enhancing the safety, efficiency, and effectiveness of flight operations.

Key Takeaways:

  • CAE announced a total of seven full-flight simulator sales, worth approximately C$100 million at list prices, during fiscal year 2012.
  • The contracts include sales of CAE 7000 Series Level D full-flight simulators to British Airways, Garuda Indonesia, Skymark Airlines, US Airways, and an undisclosed North American airline.
  • CAE will provide a Boeing 787 FFS, A320 FFS, and A330/737NG FFSs with CAE Tropos-6000 visual systems to Garuda Indonesia.
  • Skymark Airlines will receive an A380 FFS delivered to their main base at Tokyo International Airport in Haneda, Japan in 2012.
  • CAE has signed contracts for upgrades and updates of simulators with various airlines, demonstrating the company's commitment to providing high-quality training solutions.
  • CAE has a significant presence in the global market, with annual revenues exceeding C$1.6 billion and more than 7,500 employees at over 100 sites and training locations.

Statistics:

  • Total contracts announced by CAE during fiscal year 2012: 7
  • Total value of contracts announced by CAE during fiscal year 2012: C$100 million
  • Number of CAE 7000 Series full-flight simulators sold to airline customers: 6
  • Number of airports with CAE training centers: over 20
  • Annual revenues of CAE: exceeding C$1.6 billion
  • Number of employees of CAE: more than 7,500
  • Number of training centers operated by CAE: 32

Sources:

  • CAE Inc. Press Release, Paris, France, Jun 21, 2011 (MARKETWIRE via COMTEX) -- (TSX: CAE)(NYSE: CAE)
  • Marketwire, Inc. Copyright 2011 Marketwire, Inc., All rights reserved.
  • Comtex SmarTrend Alert, an automated pattern recognition system, indicated an UPTREND on 07-26-2010 for CAE @ $9.66 and on 05-02-2011 for LCC @ $9.17.

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