CAE (CAE) Announces Sale of Flight Simulators to COMAC for $33.45M
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CAE (NYSE: CAE) today announced that it has sold two CAE 7000 Series ARJ21-700 Level D full-flight simulators (FFS) to COMAC Shanghai Aircraft Customer Service Co. Ltd., owned by Commercial Aircraft Corporation of China Ltd. (COMAC). The contract, valued at approximately C$35 million ($33.45 million USD) at list price, brings the total FFS sales that CAE has announced so far during fiscal year 2010 to 12.
COMAC Shanghai Aircraft Customer Service Co., Ltd. provides aircraft maintenance and repair, pilot training, aviation equipment and materials leasing, and consulting for aviation technologies for both large planes and regional aircraft.
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