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CAE Loses Contract Appeal (Jan. 13)

MONTREAL --- CAE has been advised by the U.S. General Accounting Office (GAO) that its appeal of the Flight School XXI decision was not upheld.

CAE has no further information from the GAO at this time.

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 6,000 people in Canada, the United States and around the globe.

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CAE Inc. - Flight School XXI Update