CAE signs full-flight simulator contracts worth CAD55m
KNYAF | Quote | Chart | News | PowerRating -- Flight simulators maker CAE (NYSE: CAE | Quote | Chart | News | PowerRating) (TSX:CAE) announced four new
contracts on Monday with a combined value of approximately CAD55m at
list prices.
The contracts are with Malaysia Airlines, Kenya Airways, Korean Air and
Mount Cook Airlines, a subsidiary of Air New Zealand. They cover design
and manufacture of four full-flight simulators (FFSs) and related
training devices, as well as provision of simulator updates and
relocations.
This takes the total FFS sales announced by CAE in its fiscal year 2010
so far to ten.
(USD1=CAD1.06)
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