CAE inks C$55 million in simulator, training deals

Tue Jul 6, 2010 9:51am EDT

* CAE has sold six full-flight simulators since April

* Bombardier, ATR, Vietnam Airlines buy FFS

TORONTO, July 6 (Reuters) - Flight simulator and aviation training company CAE Inc (CAE.TO) said on Tuesday it has won C$55 million ($52 million) in new contracts, including four for full-flight simulators.

Bombardier Inc (BBDb.TO), ATR ATRK.PS, Vietnam Airlines, and a company identified only as a "a U.S.-based legacy airline" all signed contracts for full flight simulators (FFS), the company said.

Montreal-based CAE said it has now sold six FFS in the current 2011 financial year, which began April 1. The company sold 20 FFS in financial 2010, and said it expects to sell surpass that number this year due to a more positive market environment.

Its contract with Bombardier, the world's No. 3 civil aircraft maker, is for a simulator for the Montreal-based company's new Learjet 85 business aircraft.

It will be used for training, as well as to support aircraft testing and certification ahead of the Learjet 85's entry into service in 2013.

Toulouse, France-based regional turboprop aircraft maker ATR ordered a FFS capable of replicating the cockpits of both its ATR42-600 and ATR72-600 models. CAE will also provide ATR with a separate simulator for maintenance and flight training.

Vietnam Airlines, the national flag carrier of Vietnam, ordered an Airbus A320 FFS and has signed a contract with the CAE Global Academy to train 40 pilots.

CAE said the undisclosed U.S. legacy airline ordered a Boeing 737 simulator.

CAE's shares were up 1.3 percent at C$9.38 on the Toronto Stock Exchange shortly after the market opened on Tuesday.

($1=$1.06 Canadian) (Reporting by John McCrank; editing by Peter Galloway)

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