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The Globe and Mail

CAE wins military contracts worth $115-million

CAE Inc. has been awarded military contracts valued at more than $115-million, including one from the U.S. navy to develop two MH-60R helicopter simulators, the Quebec-based simulator builder and flight training company announced Tuesday.

The contracts also include one from Boeing to design and manufacture training devices as part of the C-130 avionics modernization program for the U.S. air force and a contract from Professional Way in Malaysia to build a CAE 3000 Series AW139 full-flight simulator.

Meanwhile, the U.S. army has chosen CAE to develop a suite of Abrams tank maintenance trainers.

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"We are continuing to see good opportunities globally for both products and training services on platforms where CAE is well-positioned, such as the C-130 and a range of rotary-wing aircraft," said Martin Gagne, CAE's Group president, military products, training and services.

"Earlier this year we completed a small acquisition to expand our capabilities in the adjacent market of land simulation, and we are pleased to win some follow-on business from the U.S. army to build additional Abrams tank maintenance trainers."

CAE is a global leader in modeling, simulation and training for civil aviation and defence, employing some 7,500 people at more than 100 sites and training locations in over 20 countries.

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