CAE wins training contracts valued at 200 million dollars

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Montreal based CAE, a global provider of training in the civil aviation, defence, security and healthcare markets, announced today that they won a series of training contracts with airlines in North America and Asia and sold 12 full-flight simulators for airline training. The agreements, which are valued at more than CAD200 million, include orders from their second quarter. Highlighting the wide-reaching span of their commercial aviation training solutions, the agreements include:

Airline pilot training agreements, demonstrating the recurring nature of CAE’s offering

  • An exclusive 3-year training contract renewal for CRJ200 pilot training with Air Georgian in North Americacae
  • A training contract extension for Boeing 737NG with JEJU air in Asia

The sale of 12 full-flight simulators and update services, highlighting CAE’s continued training equipment market leadership

  • Three Airbus A320 full-flight simulators to JetBlue Airways in North America
  • One Airbus A320 full-flight simulator to Lufthansa Flight Training in Europe
  • One Phenom 100/300 full-flight simulator to Embraer CAE Training Services (ECTS), the joint-venture between Embraer and CAE
  • One Airbus A320 full-flight simulator to CAE Simulation Training Private Limited (CSTPL), the joint venture between CAE and InterGlobe Enterprises in India
  • One Embraer E190 full-flight simulator to SIMAERO in Singapore
  • Five full-flight-simulators, including one C Series, one Boeing 737NG and one Airbus A320, to undisclosed customers in North America and the Middle-East
  • The sale of 12 full-flight simulators (FFSs) brings the total number of FFS sales announced in the first-half of fiscal 2017 to 21. The FFSs are at list prices, which include the value of OEM aircraft-specific data, parts and equipment (DP&E). In the case of these contracts, some customers are providing part of the OEM content.

CAE helps define global training standards with innovative virtual-to-live training solutions that make flying safer, maintain defence force readiness and enhance patient safety. They have a broad global presence in the industry, with 8,000 employees, 160 sites and training locations in over 35 States where they train more than 120,000 civil and defence crewmembers and thousands of healthcare professionals worldwide.

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