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Submitted by marcbe on Sat, 04/26/2008 - 17:29.

* More than C$730 million in military orders received

* Contracts for 37 full-flight simulators received

* 108 RSEUs for Training and Services/Civil

Montreal, April 7, 2008 – (NYSE: CGT; TSX: CAE) – CAE has ended fiscal 2008 (April 1, 2007 to March 31, 2008) with strong order activity in all its segments, including CAE’s military segments attaining total orders of over C$730 million. On the civil equipment side, during the month of March the company received two new orders for full-flight simulators (FFSs), bringing the fiscal year total to 37. The Training and Services/Civil segment increased its yearly average of RSEUs (Revenue Simulator Equivalent Unit) to 108 throughout its global network of training centres.

“Offering the industry’s most comprehensive portfolio of simulation products and training services has enabled CAE to enjoy a strong year in all our business segments,” said Robert E. Brown, President and Chief Executive Officer, CAE. “Our fiscal 2008 results clearly show that we have balance and diversification between civil and military markets, and CAE is truly unique in the global nature of our business. The new order intake, particularly in the military segments, gives us a strong base for fiscal 2009.”

CAE awarded new military contracts valued at over C$80 million

During the month of March, CAE was awarded a series of military orders, including contracts with the U.S. Navy, U.S. Army, U.S. Coast Guard and other international prime contractors for a range of simulation products and training services.

The U.S. Coast Guard (USCG) awarded CAE with a contract to provide C-130 aircrew and maintenance training at CAE’s C-130 Tampa Training Center. CAE will provide the USCG with comprehensive aircrew training, including pilot/co-pilot, flight engineer and loadmaster initial qualification.

Korean Aerospace Industries (KAI) has contracted CAE to assist with their development of P-3C training systems for the Korean Navy.

The U.S. Navy has exercised additional contract options for CAE USA to design and manufacture an additional MH-60S operational flight trainer and MH-60S weapons tactics trainer. CAE is under contract to develop a range of both MH-60S and MH-60R helicopter training systems for the U.S. Navy.

The U.S. Army Program Executive Office for Simulation, Training, and Instrumentation (PEO STRI) has exercised a contract option for CAE USA to provide maintenance and support services to the 160th Special Operation Aviation Regiment – Airborne.

Finally, the NATO Airborne Early Warning and Control Force in Europe has contracted CAE to provide upgrades, maintenance and support services for the E-3A AWACS simulator located in Germany.

A number of additional contracts included in this amount have been signed and details will be announced in the near future.

[...]

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