CAE’s Marine Division Signs Contracts Worth $19 million
Montreal, August 2, 2004 – (NYSE: CGT; TSX: CAE) – CAE has signed new contracts to provide integrated bridge systems (IBSs) for the United Arab Emirates’ Baynunah-class corvettes, and a land-based test facility for the German navy’s F-124-class frigates.
CAE has also signed a contract amendment for the Indian navy’s landing ship program and finalized the contract for the German navy’s K130 corvette program.
In total, the new agreements and contract amendment are worth about C$19 million, with an option of C$4 million for two additional Baynunah corvette IBSs.
The new contract with the German navy calls for CAE to provide an F-124 land-based test facility to support CAE’s integrated machinery control system (IMCS) already aboard the navy’s new F-124 class frigates.
The F-124 IMCS is a comprehensive platform management system with advanced features, such as an on-board training system, battle damage control system, and an integrated controller for the gas turbine engine.
CAE has concluded the contract with the ARGE K130 consortium (consisting of three shipyards: Blohm+Voss, Nordseewerke, and Friedrich Lürssen Werft) for the supply of IMCS with increased scope for five K130 corvettes, and a contract amendment for the control system for the Indian navy’s landing ships.
For the UAE navy, CAE will provide NaviNet IBSs for four of the navy’s Baynunah-class multipurpose missile corvettes through prime contractor Abu Dhabi Ship Building. First delivery will be in approximately two years and the remaining systems will be delivered in a further two-year period. This represents the first sale of IBSs in the Middle East, further strengthening CAE’s position in the market.
CAE’s NaviNet IBS integrates bridge and navigation functions and provides distributed access to navigation sensor information or command and control from multifunction workstations.
Eighteen navies worldwide use CAE’s advanced automation technology aboard more than 140 warships.
CAE is a leading provider of simulation technologies and integrated training services to airlines, aircraft manufacturers, defence forces, and marine customers worldwide. The company has annual revenues in excess of C$1 billion, with manufacturing operations and training facilities in 19 countries on five continents.