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Stock Market & Financial Investment News

News Breaks
July 8, 2014
06:04 EDTCAECAE awarded civil aviation training solutions contract valued at about C$120M
CAE announced that it has signed contracts for civil aviation training solutions including seven full-flight simulators, or FFSs, a series of training devices as well as simulator update services to customers in North America, Asia, the Middle East and Eurasia. The contracts are worth a total of approximately C$120M at list prices. List prices include the value of OEM aircraft-specific data, parts and equipment, or 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. These sales bring to eleven the sales announced by CAE in 1Q15, which started April 1.
News For CAE From The Last 14 Days
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February 1, 2016
10:24 EDTCAECAE announces aviation training contracts valued at more than C$350M
CAE underscores its position as training partner of choice with the announcement of a series of contracts, including the sale of 9 full-flight simulators to airlines globally, as well as commercial and business aviation training programs with more than 10 operators. These agreements, valued at more than C$350M , cover a broad range of CAE's training equipment and programs, from commercial cadet to captain training, to business aviation pilot training, to training centre operations and post-delivery services. Approximately half the value of these contracts was booked in CAE's third quarter and the balance in the beginning of the fourth quarter of fiscal year 2016. The 9 full-flight simulators sales bring the total number of FFS sales announced to date in fiscal 2016 to 39. CAE expects to exceed its prior FFS sales outlook for the fiscal year. The FFSs are at list prices, which include the value of OEM aircraft-specific data, parts and equipment. In the case of these contracts, some customers are providing part of the OEM content.

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