CAE's MAD systems selected for Japanese and Canadian maritime patrol aircraft
2004年2月18日 - 10:54PM
PRニュース・ワイアー (英語)
CAE's MAD systems selected for Japanese and Canadian maritime
patrol aircraft MONTREAL, Feb. 18 /PRNewswire-FirstCall/ -- (NYSE:
CGT; TSX: CAE) - CAE has signed contracts initially valued at more
than C$17 million after CAE's Magnetic Anomaly Detection (MAD)
system was selected for two maritime patrol aircraft programs. In
Japan, Kawasaki Heavy Industries will serve as prime contractor to
design and develop a new maritime patrol aircraft for the Japan
Defence Agency (JDA). CAE has signed a contract with Mitsubishi
Electric Corporation to license the manufacture of CAE's MAD system
for the first prototype and follow- on production aircraft.
Mitsubishi is proposing a new MAD system to the JDA composed of
home-grown equipment along with CAE's MAD technology. The initial
contract is valued at more than C$7 million, with follow-on
business from licensing and manufacturing fees potentially valued
at over C$30 million depending on the number of production aircraft
procured by the JDA. CAE will alsoprovide its MAD system under a
contract and options valued at approximately C$10 million as part
of the Canadian Forces CP-140 Aurora Incremental Modernization
Program (AIMP). The CP-140 AIMP is upgrading virtually every system
in the aircraft, including avionics, radar, flight instruments, and
sensors. Based on a combination of the Lockheed Martin P-3C Orion
and S-3A Viking, the CP-140 is used by the Canadian Forces for
intelligence, surveillance, reconnaissance, and antisubmarine
warfare missions. CAE's MAD system identifies magnetic variations
or anomalies, such as those caused by a submarine, in the Earth's
magnetic field. The system is installed in the tail area of an
aircraft that is used for maritime patrol and surveillance. A new
feature of CAE's MAD system is its capability as a search sensor.
"CAE has long been the world leader in developing this unique
magnetic anomaly detection technology," said Donald W. Campbell,
group president, military simulation and training, CAE. "Our MAD
systems are proven in operation with navies and air forces around
the world, and are the ideal submarine detection solution for
either new aircraft or upgrades to existing fleets." The CAE MAD
system, also identified by the military nomenclature as
AN/ASQ-508(V), can be used in both fixed wing and rotary wing
anti-submarine warfare aircraft. With over 80 years of experience
in providing reliable, high-quality products to both corporate
clients and general consumers all over the world, Mitsubishi
Electric Corporation (TSE:6503) is a recognized world leader in the
manufacture, marketing and sales of electrical and electronic
equipment used in information processing and communications, space
development and satellite communications, consumer electronics,
industrial technology, energy, transportation and building
equipment. The company has operations in 35 countries and recorded
consolidated group sales of 3,639 billion yen (US$30.3 billion(x))
in the year ended March 31, 2003. For more information, visit
http://global.mitsubishielectric.com/ (x) At an exchange rate of
120 yen to the US dollar, the rate given by the Tokyo Foreign
Exchange Market on March 31, 2003. CAE is a leading provider of
integrated training solutions and advanced simulation and controls
technologies to military, civil aviation and marine customers. The
company generates annual revenues in excess of C$1 billion and
employs about 5,500 people in Canada, the United States and around
the globe. High-resolution downloadable photos are available in the
Photo Gallery section of CAE's Web site:
http://www.cae.com/en/photos.shtml DATASOURCE: CAE INC. CONTACT:
Media contacts: Arthur C. Perron, Vice-President, Government and
Media Relations, (514) 340-5370, ; Defense - trade media: Chris
Stellwag, Director, Marketing Communications MS&T, (813)
887-1242, ; Investor relations: Andrew Arnovitz, Director,
Corporate Communications and Investor Relations, (514) 734-5760,
Copyright