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CAE concludes fiscal year with industry record sale of 48 simulators

Written by thomas · Filed Under Aeronautics News 

April 7, 2014

thomas

C$75 million in new contracts for five simulators and update services
MONTREAL, CANADA–(Marketwired – April 7, 2014) – (NYSE:CAE)(TSX:CAE) – CAE today announced that it has established an industry record of 48 Level D full-flight simulators (FFS) sold during its fiscal year 2014 which ended on March 31, 2014. The latest contracts, valued at a total of approximately C$75 million at list prices, include the sale of five simulators to customers in North America, Europe and India as well as update services.
—  Southwest Airlines: Boeing 737-800W FFS
—  Lufthansa Flight Training: Airbus A320 FFS
—  CAE and InterGlobe joint venture: Airbus A320 FFS
—  Undisclosed North-American airline customer: Airbus A320 FFS
—  Undisclosed European airline customer: a Boeing 777 FFS

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.

“We continuously strive to be our customers’ partner of choice for training solutions, and we’re particularly proud to expand our relationships with existing long-standing customers like Southwest Airlines and Lufthansa Flight Training,” said Nick Leontidis, CAE’s Group President, Civil Simulation Products, Training and Services. “Our record success this fiscal year is testament to the trust customers put in CAE and to the market leadership position we have earned over the last six decades.”

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