CAE Announces C$37 million in New Business with Malaysia
Toronto, June 3, 2002 – (TSE: CAE) CAE today announced it has been selected to provide control systems for an additional four new MEKOâ 100 Patrol Vessels for the Royal Malaysian Navy, being built by PSC-Naval Dockyard in Lumut, Malaysia. The value of this new business for CAE is C$37 million. It is the second time CAE has been selected to provide control systems for these vessels.
In January 2002, CAE announced a C$21 million contract for control systems for the first two ships. This brings the total value of business to CAE for this Royal Malaysian Navy project to C$58 million. CAE will deliver the six control systems by the end of 2004.
‘CAE’s Integrated Platform Management System (IPMS) is the world’s first and leading digital control system for naval ships,’ said Rashid Khan, Executive Vice President, Marine Controls, CAE. ‘We believe that CAE’s leading-edge technology will continue to position us well for future contracts for the Royal Malaysian Navy.’
CAE’s IPMS technology will be used to monitor and control the platform machinery of the ships, including propulsion, electrical, damage control and auxiliary machinery and systems. It also provides advanced automation for enhanced operational effectiveness and survivability of the ships. The MEKOâ 100 Patrol Vessels are designed to have low radar detectability, low noise, low heat dissipation, with an economical cruising speed.
CAE is a global leader in providing advanced simulation and controls equipment and integrated training solutions for customers in the civil aviation, military and marine markets. CAE employs over 6,000 people in Canada, the United States and around the globe. With annual revenues in excess of $1 billion, CAE is the world’s leading supplier of civil flight simulators and second largest independent civil aviation training provider, as well as the largest Canadian-based defence contractor.
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