CAE wins contracts for full-flight simulators, training devices worth $52M

THE CANADIAN PRESS
MONTREAL - CAE Inc. (TSX:CAE) has won contracts worth $52 million from Lufthansa Flight Training and Xiamen Airlines to design and make four full-flight simulators and associated training devices.

The orders bring CAE's full-flight simulator sales total to 35 so far in fiscal 2008, Montreal-based CAE said Thursday.

Lufthansa ordered an Airbus A320 simulator and a Boeing 747-8 Intercontinental simulator and Chinese-based Xiamen Airlines ordered two Boeing 737-800 simulators, along with CAE Simfinity training devices.

CAE employs about 6,000 people at more than 75 sites and training locations in 20 countries.

On the Toronto stock market Thursday morning, CAE shares were down six cents at $12.34.

© The Canadian Press, 2008