CAE continues to win new contracts

Article Excerpt

CAE INC. $8.75 (Toronto symbol CAE; Conservative Growth Portfolio, Manufacturing & Industry sector; Shares outstanding: 255.6 million; Market cap: $2.2 billion; Price-to-sales ratio: 1.4; SI Rating: Average) recently won $55 million of orders for new flight simulators from several new customers, including Malaysia Airlines, Kenya Airways and New Zealand’s Mount Cook Airlines. CAE has sold 10 flight simulators in its current fiscal year, which ends March 31, 2010. It’s now halfway to its forecast of 20 simulators. CAE also announced $75 million in new military-related contracts. These deals are small in relation to CAE’s $1.7 billion of annual revenue. But the company’s strong reputation should continue to help it attract new business. CAE is a buy. buy…