CAE Inc T.CAE

CAE awarded C$27 million in contracts

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Press Release Source: CAE INC. CAE awarded C$27 million in contracts by German Navy and Armed Forces Monday January 30, 8:01 am ET STOLBERG, Germany, Jan. 30 /CNW Telbec/ - (NYSE: CGT - News; TSX: CAE - News) - CAE has been awarded contracts valued at approximately EUR 10 million (C$14 million) to upgrade a P-3C operational flight trainer (OFT) for the German Navy. In addition, CAE was recently awarded several one-year contract extensions by the German Armed Forces valued at approximately EUR 9.5 million (C$13 million) to provide on-site maintenance and logistics support for flight simulation equipment. The Germany Navy recently acquired P-3C aircraft and the simulator from the Royal Netherlands Navy. As part of the German Navy's P-3C Capability Upkeep Program, CAE will relocate the P-3C OFT to its facility in Stolberg, Germany. CAE will upgrade the simulator with new instruments, a host computer, and other software and hardware enhancements to meet the requirements of Level-D qualification. While the P-3C OFT is being upgraded, the German Navy will continue using the simulator for training P-3C aircrews. Upon completion of the upgrades, the P-3C OFT will be relocated from Stolberg to the German Navy's facilities at Nordholz Navy Base. "The acquisition of P-3C aircraft will result in improved command, control, and reconnaissance capabilities for Germany's Armed Forces and we're pleased we were selected to upgrade the simulator that will be used to train Germany's new P-3C aircrews," said Ulrich Aderhold, managing director of CAE's Military Simulation and Training operation in Stolberg, Germany. "CAE has an impressive track record designing and delivering training solutions for the P-3 aircraft and we welcome the German Navy as a new customer." CAE's annual maintenance and logistics support contract with the German Armed Forces covers a range of flight simulators for fighter and transport aircraft as well as helicopters and other training equipment. More than 140 CAE engineers and technicians provide services at 15 sites in Europe and the United States to maintain almost every flight simulator in service with the German Armed Forces. CAE is a world-leading provider of simulation and modelling technologies for civil aviation and military customers. With annual revenues of approximately C$1 billion, the company operates in 17 countries around the world. CAE has sold nearly 700 simulators and training devices to airlines, aircraft manufacturers, training centres and defence forces for air and ground purposes in more than 40 countries. With over 100 full-flight simulators in more than 20 aviation training centres serving approximately 3,500 airlines, aircraft operators and manufacturers across the globe, CAE is a world leader in aviation, maintenance and crew training services. CAE licences its simulation software to various market segments and has a professional services division assisting customers with wide-ranging simulation-based needs. For further information CAE contacts: Nathalie Bourque, Vice President, Global Communications, [phone], [e-mail] Defence/trade media: Chris Stellwag, Director, Marketing Communications, MS&T, [phone], [e-mail] Investor relations: Andrew Arnovitz, Director, Investor Relations, [phone], [e-mail] On the Web: www.cae.com