CAE awarded contracts valued at more than C$120 million for eight full-flight simulators and training services | Press Release

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Press Release

Issued by National Jet Express.

January 7, 2015

CAE awarded contracts valued at more than C$120 million for eight full-flight simulators and training services

CAE today announced that it has sold eight full-flight simulators (FFSs) to customers in Australia, Asia, the Middle East and Europe.

The contracts include the sale of:

-- One Bombardier Challenger 604 simulator to Cobham Aviation Services of Australia

-- One Gulfstream 650 and one Boeing B737-800W FFS to Emirates-CAE Flight Training

-- One Airbus A320 simulator for Uzbekistan Airways

-- One Boeing 787-9 simulator to Air China

-- Two B737NG simulators to Ryanair. CAE also signed a new pilot training services agreement with Ryanair to support the airline's order of 185 Boeing 737-800

-- One Boeing 737NG simulator to an undisclosed airline.

The contracts are worth a total of more than C$120 million at list prices, and bring the total number of FFS sales announced in fiscal year 2015 to 31. 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.

"Airlines and operators from around the world continue to turn to CAE for their training needs. We are very proud to continue to grow our relationships with Air China, Ryanair and Emirates-CAE Flight Training and to welcome Uzbekistan Airways and Cobham Aviation as new customers," said Nick Leontidis, CAE's group president, civil simulation and training. "Our customers continue to choose CAE because of our longstanding reputation for customer focus, technological leadership and our ability to deliver quality products on time to meet their operational needs."

Cobham Aviation Services, a new CAE customer, has ordered a Bombardier Challenger 604 full-flight simulator. The CAE 7000 Series FFS will be delivered at Cobham's training facility in Australia at the end of 2015. Cobham Aviation Services provides specialist aviation solutions to defence, government and commercial customers under long-term performance-based contracts. The CAE-built simulator will be used to train Cobham's search and rescue pilots. In October 2014, Cobham was awarded a contract from the Australian Maritime Safety Authority for Airborne Search & Rescue. As part of this program, Cobham will acquire, modify, commission and then operate and maintain a fleet of Bombardier Challenger 604 special mission jet aircraft to provide a search and rescue capability over land and at sea.

Emirates-CAE Flight Training (ECFT), a joint venture between CAE and Emirates airline, ordered two simulators - a Boeing B737-800W and a Gulfstream 650 - as well as as a Gulfstream 650 CAE Simfinity integrated procedures trainer (IPT) and a series of virtual simulators. The two full-flight simulators will be CAE 7000 XR Series models equipped with the latest CAE Tropos-6000 XR visual system. They will be delivered at ECFT's Dubai Silicon Oasis (DSO) training facility over the next 12 to 18 months. ECFT announced on December 19 the expansion of its DSO facility from five to 10 bays and the addition of new training programs for the Boeing B737-800W and Gulfstream 650.