CAE Signs Contracts For Six Full-flight Simulators, Training And Update Services

(RTTNews) - Canadian aviation-training and simulation products provider CAE Inc. (CAE, CAE.TO) announced Friday that it has signed contracts for six full-flight simulators or FFSs, flight training devices and simulator update services. The contracts include the sale of four simulators to Lion Air Group which was announced today as well as two simulators to undisclosed customers.

The company noted that the contracts are worth more than C$90 million at list prices, and bring the total number of FFS sales announced to date for fiscal year 2014 to 33. 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, customers are providing part of the OEM content.