CAE Valmarine Wins New Contracts

December 16, 2002

CAE Valmarine, part of CAE's Marine Controls division and a leader in automation systems for commercial ships, has signed new contracts worth approximately C$5 million. CAE Valmarine will provide the advanced automation system for a Carnival Group super-liner cruise ship being built by Fincantieri in Italy, two Portuguese-built chemical carriers for Finland's Fortum Energy, and a comprehensive upgrade of a diving support vessel operated by Subsea 7, based in Aberdeen, Scotland. CAE's integrated control or automation systems enable marine engineers to control and monitor ship machinery and emergency operation systems from multiple shipboard locations using multifunction consoles. Miami-based Carnival Group's super liner is the first cruise ship ordered worldwide since September 11, 2001. CAE Valmarine is also providing control systems for Cunard's Queen Mary 2, currently under construction at Chantiers de l'Atlantique in France.

CAE Valmarine Wins New Contracts

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