CAE signs contracts with Etihad Airways, China Eastern valued over C$230M

CAE announced that it has signed contracts for nine full-flight simulators, or FFSs, and nine flight training devices with Etihad Airways, the national airline of the United Arab Emirates, and with China Eastern Airlines. The contracts, signed in CAE's first quarter, are worth more than C$230M at list prices and bring the total number of FFS sales that CAE announced to date in FY14 to 15. List prices include the value of OEM aircraft-specific data, parts and equipment, or DP&E, normally procured by CAE in the manufacture of its simulators. In the case of the Etihad contract, the DP&E is being furnished to CAE by the customer.