CAE Completes fiscal year 2012 with More than C$950M Orders

CAE has ended fiscal year 2012 (April 1, 2011 to March 31, 2012) with more than C$950 million of military orders, including a record order intake coming from the United States. Included in this total are more than C$400 million of orders won in its recent fourth quarter. "We are pleased to have completed the year with a strong order intake, which demonstrates the uniqueness of CAE's defence business and solid pipeline of opportunities in both established and emerging markets," said Martin Gagne, CAE's Group President, Military Products, Training and Services. "We remain encouraged by the continued investment in simulation-based training by our defence customers as they seek ways to maintain readiness at a lower cost." The company was awarded military contracts from more than 15 countries during the year. Some of the key orders this fiscal year included six P-8A operational flight trainers for Boeing and the United States Navy, four C-130J weapon systems trainers for Lockheed Martin and the United States Air Force, significant upgrade and services contracts for the German Air Force's Tornado and Eurofighter training systems, several CAE 3000 Series AW139 helicopter simulators, and the world's first AW189 full-flight simulator for Rotorsim. Orders in the fourth quarter include the C$170 million training and services contracts from Brunei announced today as well as designing and manufacturing five fixed-wing full-mission simulators and related training devices for a range of customers. Additional fourth quarter orders highlighted below include upgrades to the United States Army's High-Mobility Artillery Rocket System (HIMARS) maintenance training system, the development of an additional UH-72A cockpit procedures trainer for the U.S. Army, and additional upgrades for the U.S. Air Force as part of the KC-135 Aircrew Training System (ATS) contract. U.S. Army CAE USA signed a contract with the U.S. Army's Program Executive Office for Simulation, Training and Instrumentation (PEO STRI) to upgrade the High-Mobility Artillery Rocket System (HIMARS) maintenance training system (MTS). The HIMARS MTS, originally developed by CAE USA, combines desktop diagnostics trainers and high-fidelity mock-up trainers that are designed to provide skill-level development for system operation, fault diagnosis, troubleshooting, and repair tasks for armament specialty soldiers supporting the HIMARS tactical system.