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19-Dec-2007 9:51 AM

CAE Inc. gets flight simulators contract worth $126M Canadian

Analysis

BOSTON (Thomson Financial) - CAE Inc. said Tuesday it signed contracts to design and manufacture eight full-flight simulators and associated CAE Simfinity training devices for a total list price value of more than 126 million Canadian dollars.

The contracts with Continental Airlines, US Airways Group, Etihad,Air Algerie and Alteon Training bring Cascade's total full-flight simulator sales to 29 so far in fiscal 2008.

Shares of the Canada-based simulation equipment manufacturer rose 2% to $12.63.

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