Toronto, August 12, 2003 – (NYSE: CGT; TSX: CAE) – CAE has been selected to supply electric plant control systems for the largest and most advanced warship in naval history, the Nimitz-class aircraft carrier USS George H.W. Bush (CVN 77), as well as for the U.S. Navy’s latest LPD 17 class amphibious ship, the USS New York (LPD 21). The total value of these contracts is approximately C$12 million.

CAE will provide prime contractor Northrop Grumman Newport News with computer-based control system technology for the USS George H.W. Bush. CAE will also work with Raytheon’s Integrated Defense Systems to supply an engineering control system (ECS) when construction starts for USS New York, the fifth ship in the San Antonio class of amphibious transport dock ships.

“The benefits of our state-of-the-art technology are highly valued by the U.S. Navy,” said Rashid Khan, CAE’s executive vice-president of marine controls. “And, as it continues to modernize its fleet, CAE will be there to support the Navy’s efforts to project the most effective force in the world.”

The George H.W. Bush is the U.S. Navy’s 10th and last Nimitz-class aircraft carrier and is currently under construction in Norfolk, Virginia.

The U.S. Navy plans to build up to twelve 208-m, 25,000-ton San Antonio-class amphibious transport dock ships in a continuing modernization of its expeditionary forces. CAE was previously awarded a Navy Excellence Award for its efforts in connection with the program.

CAE is a leading provider of integrated training solutions and advanced simulation and controls technologies to marine, civil aviation and military customers. The company generates annual revenues in excess of C$1 billion and employs more than 6,000 people in Canada, the United States and around the globe.