CAE signs training solutions contracts valued at more than C$375 million
CAE Inc. Ordinary Shares (CAE)
Last cae inc. ordinary shares earnings: 2/7 08:23 am
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Source: Marketwire
MONTREAL, QUEBEC -- (Marketwired) -- 05/02/17 -- (NYSE:CAE)(TSX:CAE) - CAE announced today at the 2017 World Aviation Training Conference and Tradeshow (WATS) a series of commercial aviation training solutions contracts and agreements with airlines worldwide, including Scandinavian Airlines, Ethiopian Airlines, Korean Air and new Chinese customer Donghai Airlines. These agreements, valued at more than C$375 million, form part of the orders awarded to CAE during its fourth quarter of fiscal year 2017. They involve comprehensive cadet-to-captain training programs and the sale of 11 more full-flight simulators (FFS), which brings CAE's total FFS sales for fiscal year 2017 to 50. The agreements, which highlight the span of CAE's commercial aviation training solutions, include: Ab-initio pilot training agreements, illustrating CAE's support to the growing need for professional airline pilots A new ab-initio pilot training program for the creati
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