April 30, 2009 / 1:16 PM / 9 years ago

UPDATE 1-CAE has record C$1.09 bln military orders in 2009

* More than C$540 mln of orders in Q4 alone

* Fourth-quarter results expected May 14

OTTAWA, April 30 (Reuters) - Flight simulator maker and training company CAE Inc (CAE.TO) said on Thursday it closed the year with a record C$1.09 billion ($916 million) worth of orders for its military division, including more than C$540 million of orders in the fourth quarter.

CAE, which ended fiscal 2009 on March 31, said the orders are up 47 percent over last year. The Montreal-based company is scheduled to report fourth-quarter financial results on May 14.

“As more militaries and governments look to an increased use of simulation and synthetic training, the defence market continues to be positive for CAE as demonstrated by our record order intake for fiscal year 2009,” said Chief Operating Officer Marc Parent in a statement.

CAE said in early February that the year ahead would be more difficult for its civil aviation market, as global economic turmoil dampened demand, but positive for its military markets.

Shares in CAE closed unchanged at C$7.68 on the Toronto Stock Exchange on Wednesday. The stock has shed close to 36 percent of its value in the last 12 months. ($1=$1.19 Canadian) (Reporting by Susan Taylor, editing by Dave Zimmerman)

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