CAE Awarded Contracts Valued At More Than C$90 Million For Seven Full-flight Simulators And Training Devices
(NYSE: CAE) - CAE today announced that it has sold seven full-flight simulators including an ATR72-500 to Air Algerie in Algeria; a Boeing 737NG to Emirates-CAE Flight Training in Dubai, UAE; two Airbus A320 FFSs for the new Interglobe-CAE joint venture airline training centre in Delhi, India; an Embraer ERJ-190 to Zhuhai Flight Training Centre in Zhuhai, China; plus two FFSs to undisclosed customers.
CAE also sold CAE Simfinit Integrated Procedures Trainers to ECFT and ZFTC, an A320 Airbus Procedures Trainer for the new Delhi training centre, plus a CAE Simfinity Virtual Simulator (VSIM) to ZFTC, as well as simulator updates and spares to various customers.
The contracts are worth a total of more than C$90 million at list prices and bring the total number of FFS sales that CAE announced in fiscal year 2012 to 37, nearly a third more than last year.
© 2014 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.