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
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
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,
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