CAE Signs $53 Million in Contracts

CAE, based in Montreal, signed contracts to design and manufacture four full-flight simulators (FFS) and associated training devices with Lufthansa Flight Training and Xiamen Airlines. The total value of the contracts is $53 million at list prices. Lufthansa Flight Training GmbH has ordered a CAE 5000 Series Airbus A320 FFS and a CAE 7000 Series Boeing 747-8 Intercontinental FFS. The FFS for Lufthansa Flight Training will be delivered this summer to its training center in Frankfurt, Germany. China-based Xiamen Airlines has ordered two CAE 7000 Series Boeing 737-800 full-flight FFSs along with a suite of CAE Simfinity training devices. These simulators will be in 2009 to the airline's new training centre near the Gaoqi International Airport.