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CAE Inc T.CAE

Alternate Symbol(s):  CAE

CAE Inc. is a technology company. It operates in two segments: Civil Aviation and Defense and Security. The Civil Aviation training segment provides comprehensive training solutions for flight, cabin, maintenance and ground personnel in commercial, business and helicopter aviation, a complete range of flight simulation training devices, ab initio pilot training and crew sourcing services, as well as aircraft flight operations solutions. It manages approximately 324 full-flight simulators. Its training systems includes CAE Real-time Insights and Standardized Evaluations (CAE Rise), which improves training through the integration of untapped flight and simulator data-driven insights into training. The Defense and Security segment provides platform-independent training and simulation solutions, preparing global defense and security forces for the mission ahead. In addition to solutions delivered to customer sites, it provides comprehensive training at its CAE global training centers.


TSX:CAE - Post by User

Bullboard Posts
Post by Makemoney3on Feb 04, 2002 12:07pm
1180 Views
Post# 4729729

PR - New business

PR - New businessMonday February 4, 12:00 pm Eastern Time Press Release SOURCE: CAE Inc. CAE announces C$18 million in new business TORONTO, Feb. 4 /CNW/ - (TSE: CAE - news) CAE today announced C$18 million in new business with two customers, WestJet and Bombardier. WestJet has agreed to purchase a Boeing B737-700 Full Flight Simulator (FFS) equipped with a CAE Maxvue(TM) visual system. The simulator, valued at approximately C$15 million, will be installed at WestJet's training facility in Calgary at the end of 2003. The state-of-the-art FFS will be certified to meet the FAA Level D standard, the highest in Full Flight Simulator equipment. WestJet pilots already train on a CAE Boeing 737-700 simulator. WestJet operates 27 aircraft and has an additional 32 Boeing 737 aircraft on order, with purchase rights on an additional 58 Boeing 737 aircraft. The Calgary based airline serves 20 Canadian cities. Bombardier Aerospace has awarded CAE a C$3-million upgrade contract. CAE will develop a simulation package for the Bombardier CRJ900 aircraft and will upgrade four Bombardier CRJ700 simulation devices (a full flight simulator, a flight training device and two system trainers) to be fully convertible to CRJ900. The first device will be ready for Bombardier CRJ900 training in July 2002. CAE is a global leader in the provision of simulation and control technologies and training solutions for aerospace, defence and marine markets. Headquartered in Canada, CAE employs more than 7,000 people around the world and generates annual revenues in excess of C$1 billion. For further information CAE Media relations: Pascale Alpha, (514) 341-6780 ext. 4889, pascale.alpha@cae.com CAE Investor relations: Andrew Arnovitz, (514) 734-5760, andrew.arnovitz@cae.com For more information about CAE, visit: www.cae.com WestJet contact: Siobhan Vinish (Pronounced Sha-von), (403) 444-2615, svinish@westjet.com For more information about WestJet, visit: www.westjet.com
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