CAE Awarded Military Contracts Valued at More Than C$55 Million

MONTREAL, QUEBEC --- CAE today announced a series of military contracts valued at more than C$55 million. The contracts are with the United Kingdom's Ministry of Defence, German defence procurement agency, Eurofighter Simulation Systems, Lockheed Martin, and other military customers. The contracts are part of CAE's second quarter order intake.>> "We continue to see good opportunities for simulation in defence markets around the world," said Marc Parent, CAE's Group President, Simulation Products and Military Training & Services. "The volatile price of fuel, environmental impacts, and significant wear and tear on weapon systems are leading governments and military forces to a greater use of simulation and synthetic training. With our global footprint and expanding capabilities to serve the entire defence systems lifecycle, CAE is well-positioned for solid, steady growth of our military business.">> -- UK Ministry of Defence> CAE has been awarded a contract to perform a major upgrade on one of the CH-47 Chinook simulators located at CAE's Medium Support Helicopter Aircrew Training Facility (MSHATF) at Royal Air Force Station Benson. In addition, CAE will update the courseware, including computer-based training and computer-aided instruction, for the CH-47 ground school training curriculum. The simulator upgrade and related curriculum update are required as the Royal Air Force prepares to add eight CH-47 Chinook helicopters to its existing fleet as well as transfer additional training hours from live aircraft to synthetic training.