June 15, 2009 / 12:42 PM / 9 years ago

UPDATE 1-CAE says gets contracts worth more than C$115 mln

* Gets contracts for C-130 simulators, training devices

* Contracts from Lockheed Martin, another customer

June 15 (Reuters) - Flight-simulator maker and training company CAE Inc CAE.TO CGT.N said it had been awarded contracts worth more than C$115 million ($101.9 million) to design and manufacture four C-130 simulators and several training devices for military customers around the world.

The Montreal-based company said the contracts with Lockheed Martin Corp (LMT.N) and an undisclosed customer were signed over the past three months.

Of the total contract value, more than C$60 million will be applied to its fiscal year 2010, CAE said, adding that the remainder was already in the backlog of fiscal year 2009.

    Shares of the company closed at C$7 Friday on the Toronto Stock Exchange.

    $1=1.129 Canadian dollar Reporting by Adveith Nair in Bangalore; Editing by Vinu Pilakkott

    0 : 0
    • narrow-browser-and-phone
    • medium-browser-and-portrait-tablet
    • landscape-tablet
    • medium-wide-browser
    • wide-browser-and-larger
    • medium-browser-and-landscape-tablet
    • medium-wide-browser-and-larger
    • above-phone
    • portrait-tablet-and-above
    • above-portrait-tablet
    • landscape-tablet-and-above
    • landscape-tablet-and-medium-wide-browser
    • portrait-tablet-and-below
    • landscape-tablet-and-below