CAE signs contracts for five full-flight simulators valued at $60M

“In keeping with the flow of aircraft deliveries, the majority of simulator orders have come from operators outside North America”

- CAE Inc. (TSX:CAE) has announced sales of five full-flight simulators and associated training devices with a total value of about $60 million.

CAE said Tuesday the contracts - the first full-simulator sales of its financial year which began April 1 - are with Lufthansa Flight Training, Flight Training Finance, Swiss Aviation Training and the Zhuhai Flight Training Centre in China.

Lufthansa bought a Boeing 777-200 freighter simulator, leasing company Flight Training Finance took a Boeing 757 simulator to be provided to Icelandair, Swiss Aviation Training signed for an Embraer 190 simulator, and Zhuhai - a CAE joint venture with China Southern Airlines - is taking two Airbus A320 simulators and related equipment. Read more