CAE wins orders for six simulators and a series of upgrade and training device contracts valued at more than C$65 million

Montreal, October 16, 2006 – (NYSE: CGT; TSX: CAE) – CAE has won orders for six full-flight simulators:  an A320 by Prescient Systems & Technologies Pte Ltd, and five Boeing 737NG Level B full-flight simulators by Ryanair, Europe’s number one low fares airline. CAE has also won contracts to provide CAE Simfinity® training devices and simulator upgrades, such as visual and avionics updates, from several airlines and aircraft manufacturers. The contracts are valued at more than C$65 million at list prices and bring the total number of full-flight simulator sales that CAE has announced in fiscal 2007 to 19.

“Our relationship with airlines around the world continues to be strengthened by CAE’s unique ability to offer the industry’s most comprehensive portfolio of simulation equipment and training services,” said Marc Parent, CAE’s Group President, Simulation Products and Military Training & Services.  “Ryanair and CAE have developed innovative training solutions over the years, ranging from the use of Level D simulators for initial type training at CAE’s Amsterdam training centre to a pilot provisioning relationship. The introduction of Level B simulators into the total training solution is another example of CAE and Ryanair working together to enhance safety and efficiency. “

Ryanair’s fleet will reach more than 230 B737NG aircraft over the next six years.  In support of Ryanair’s growth and expected increase in training volume, CAE will deliver to the airline one CAE-built B737NG Level B simulator each year from calendar 2008 to 2012. The Level B simulators are upgradeable to Level D devices and the contract also includes options for Ryanair to purchase five additional simulators.

As part of its integrated training solution, Ryanair already operates two CAE-built Level D B737NG simulators at its East Midlands Airport training centre in Derby, United Kingdom, and has two more on order. CAE also provides the airline with pilot provisioning services. In 2006, CAE will provide Ryanair with approximately 150 pilots through this service.  All pilots receive B737 type-rating training, primarily at CAE’s Amsterdam training centre, before being hired by Ryanair.  Since 2001, CAE has provided B737NG type-rating training to over 350 pilots who were subsequently hired by Ryanair.

The A320 full-flight simulator for Prescient will be certified Level D—the highest-level performance rating for flight training equipment. It is slated for delivery in early 2007.  Prescient, together with its strategic partners International Aviation Group (IAG) and Alpha Aviation Group (AAG), is setting up its first aviation training centre in the Philippines.

“This contract with Prescient once again demonstrates CAE’s continued success in the growing Asian aviation market, where the company is committed to playing a key role in developing the industry by offering a wide range of solutions, including simulation equipment and flight training services, “ said Marc Parent.

CAE is a world leader in providing simulation and modelling technologies, and integrated training services to the civil aviation industry and defence forces around the globe. We design, manufacture and supply simulation equipment and offer training and services. This includes integrated modelling, simulation and training solutions for commercial airlines, business aircraft operators, aircraft manufacturers and military organizations and a global network of training centres for pilots, and in some instances, cabin crew and maintenance workers.

With annual revenues of over C$1 billion, CAE operates in 19 countries around the world. CAE has sold nearly 700 simulators and training devices to airlines, aircraft manufacturers, training centres and defence forces for air and ground purposes in more than 40 countries. We have over 100 full-flight simulators in more than 20 aviation training centres, serving approximately 3,500 airlines, aircraft operators and manufacturers across the globe. CAE licenses its simulation software to various market segments and has a professional services division assisting customers with a wide range of simulation-based needs.


Source: CAE
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