Montreal's CAE signs $120M in contracts for flight simulators and other services

MONTREAL – CAE says it has signed contracts worth about $120 million with a number of global airlines and Bombardier (TSX:BBD.B) for seven flight simulators, training equipment and other services.

The airlines include Air France, Middle East Airlines, Indonesia’s Lion Air and Turkish Airlines.

The Montreal company says the contracts include a full-flight simulator reproducing Bombardier’s Challenger 350 business jet, which will be delivered to Bombardier’s training centre in Montreal in 2015.

CAE (TSX:CAE) is a leading global flight simulator supplier and training company to civil and military aviation and employs 8,000 people in 35 countries.