CAE Awarded $200M Military Contracts

CAE CAE today announced that it has won a series of military contracts valued at approximately C$200 million, the majority of which involves long-term, recurring training services. They include a contract from the United States Navy to develop a KC-130J full-mission simulator for the Kuwait Air Force under a foreign military sale program and the United States Air Force exercising the option for the third-year of KC-135 tanker aircrew training services in addition to contract modifications to perform a range of KC-135 simulator upgrades. CAE has also signed long-term training services contracts with an Asian military customer. "We are pleased to welcome the Kuwait Air Force to the long list of customers who have selected CAE as their provider of C-130 training systems and services," said Gene Colabatistto, Group President, Military Products, Training and Services, CAE. "The Middle East and Asia are markets that are increasingly offering a solid pipeline of opportunities, and we are seeing some good potential for upgrade business as defence forces look to leverage simulation-based training for more of their training requirements. Global militaries continue to believe in the fundamental value of simulation-based training, and CAE is See full press release