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CAE INC (CAE)

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CAE, Inc. : The Ministry of Finance and CAE break ground on new CAE Brunei Multi-Purpose Training Centre

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06/10/2013 | 07:07pm CEST

The Ministry of Finance and CAE break ground on new...

News

6/10/2013 10:25:00

The Ministry of Finance and CAE break ground on new CAE Brunei Multi-Purpose Training Centre

Rimba, Brunei Darussalam, June 10, 2013 - The Government of Brunei Darussalam, represented by the Ministry of Finance; the Brunei Economic Development Board ('BEDB') and CAE today held a groundbreaking ceremony to officially celebrate the construction of the new CAE Brunei Multi-Purpose Training Centre (MPTC) in Rimba. 

The groundbreaking, marked by a ceremonial concrete pouring for the first footing, was attended by Yang Berhormat Pehin Orang Kaya Laila Setia Dato Seri Setia Awang Haji Abd. Rahman bin Haji Ibrahim, Minister of Finance II at the Prime Minister's Office, Dato Paduka Hj Ali bin Apong, Deputy Minister at the Prime Minister's Office and Chairman of the Brunei Economic Development Board; Dato Paduka Hj Mustappa Bin Hj Sirat, Deputy Minister of Ministry of Defence, Dato Paduka Hj Bahrin bin Abdullah, Deputy Minister of Ministry of Finance, Major General Dato Paduka Seri Hj Aminuddin Ihsan bin Pehin Orang Kaya Saiful Mulok Dato Seri Paduka Hj Abidin, Commander of Royal Brunei Armed Forces, Pehin Orang Kaya Pendikar Alam DCP Dato Paduka Seri Hj Hasrin bin Dato Paduka Hj Sabtu, Commissioner of Police, and Mr. Gene Colabatistto, Group President, Military Products, Training and Services, CAE. 

The CAE Brunei MPTC is a joint venture between CAE and the Ministry of Finance of Brunei Darussalam. 

"This Multi-Purpose Training Centre will be a shining example of Brunei investing to diversify and grow knowledge-based industries that provide high-quality job opportunities for our people," said Dato Paduka Hj Ali.  "The MPTC will also play a key role as a learning and training hub for the wider South East Asian market."

The CAE Brunei MPTC, expected to be complete by end of April 2014, is being constructed initially with five simulator bays along with supporting classrooms and additional infrastructure.  Long-term training services contracts have already been signed to provide training on the following aircraft platforms: Sikorsky S-70i Black Hawk helicopter; Pilatus PC-7; and Sikorsky S-92 helicopter.

Training programs based on modelling and simulation technology are expected to be added in the future to support other market segments.

"CAE is proud to be partnering with the Government of Brunei to develop what will undoubtedly become a world-class professional education and learning facility for Brunei and the entire South East Asia region," said Mr. Colabatistto, Group President at CAE.  "Our simulation-based technologies and proven learning methodologies will provide the foundation for high-quality training that will ultimately help enhance the safety, security, efficiency and productivity for Brunei Darussalam and its neighbors."

As part of the Brunei Economic Development Board's continuous sustainability initiatives and aim for inspiring building designs to be energy-saving, the CAE Brunei MPTC will be a Green Mark (Gold) facility that features a range of "green" initiatives, including 30 percent savings from artificial lighting by use of occupancy sensors and high frequency ballasts, and 17 percent savings from the air-conditioning system to promote energy efficiency. The building will also utilise Low Volatile Organic Compound (Low VOC) paints to reduce indoor air pollutants and improve air-quality, and sun louvers will be installed to allow for abundant natural light while reducing glare from direct sunlight. A highlight of the CAE Brunei MPTC will be the installation of a 'green'  wall and 'green' Courtyard to not only help reduce heat transfer from external wall surfaces, but also add a pleasant aesthetic appeal to the building. To further promote the 'green' initiative of the building, all sustainable construction products will be certified to Green Labelling Schemes.

CAE is a global leader in modelling, simulation and training for civil aviation and defence. The company employs approximately 8,000 people at more than 100 sites and training locations in approximately 30 countries. CAE offers civil aviation, military and helicopter training services in more than 45 locations worldwide and trains approximately 100,000 crew members yearly. In addition, the CAE Oxford Aviation Academy offers training to aspiring pilot cadets in 11 CAE-operated flight schools. CAE's business is diversified, ranging from the sale of simulation products to providing comprehensive services such as training and aviation services, integrated enterprise solutions, in-service support and crew sourcing. The company applies simulation expertise and operational experience to help customers enhance safety, improve efficiency, maintain readiness and solve challenging problems. CAE is now leveraging its simulation capabilities in new markets such as healthcare and mining. More information can be found at www.cae.com.

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Artist renderings of the new facility are available in our photo gallery at www.cae.com

CAE contacts:
Nathalie Bourque, Vice President, Public Affairs and Global Communications,
(514) 734-5788,
[email protected]

Trade media:
Chris Stellwag,  Director, Marketing Communications - Military,
(813) 887-1242,
[email protected]

Investor relations:
Andrew Arnovitz, Vice President, Investor Relations and Strategy,
(514) 734-5760,
[email protected]

Defence and Security, Corporate, Trade Press Release

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Sales 2018 2 895 M
EBIT 2018 446 M
Net income 2018 293 M
Debt 2018 584 M
Yield 2018 1,49%
P/E ratio 2018 20,61
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EV / Sales 2018 2,25x
EV / Sales 2019 1,98x
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Average target price 22,8  CAD
Spread / Average Target 3,2%
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