9/6/2017 03:45:00 PM
Media statement: CAE reaffirms its support to Bombardier
Montreal, Canada, September 6, 2017 - (NYSE: CAE; TSX: CAE) - CAE reaffirms its support to Bombardier and would like to clarify the fact that the letter addressed to the Canadian government and Prime Minister Justin Trudeau, and mentioned in the Globe and Mail article published today, was not related to the trade dispute between Boeing and Bombardier.
CAE signed a letter as part of the Boeing Canadian Industry Team for the Canada Interim Fighter Capability Project (IFCP) Super Hornet program. The intention of the letter was to talk about the economic benefits to Canada of this potential program. CAE disapproves the fact that both issues are being linked in recent media coverage.
"CAE is proud to have Bombardier as a long-standing partner," said Marc Parent, President and CEO of CAE. "CAE is the training partner of choice of Bombardier on many platforms, including the C Series, a great aircraft. We are not in a position to tell Canada what platform to buy, but to simply champion our Canadian capabilities on procurements."
CAE is a global leader in the delivery of training for the civil aviation, defence and security, and healthcare markets. We design and integrate the industry's most comprehensive training solutions, anchored by the knowledge and expertise of our more than 8,500 employees, our world-leading simulation technologies and a track record of service and technology innovation spanning seven decades. Our global presence is the broadest in the industry, with 160 sites and training locations in 35 countries, including our joint venture operations, and the world's largest installed base of flight simulators. Each year, we train more than 120,000 civil and defence crewmembers, as well as thousands of healthcare professionals. www.cae.com
Follow us on Twitter @CAE_Inc
Hélène V. Gagnon,
Vice President, Public Affairs and Global Communications,
Vice President, Strategy and Investor Relations,
Corporate, Press Release