Market Overview

CAE Announces Series of Military Contracts Valued at $130M

CAE (NYSE: CAE) today announced it has won a series of military contracts during the final month of its fiscal year 2013 fourth quarter valued at approximately C$130 million, including options. They include contracts to provide an MH-60R avionics maintenance trainer and weapons load trainer for the Royal Australian Navy, a C-130J weapon systems trainer for the United States Air Force (USAF), construction of a training facility for the Kuwait Air Force and additional training support services as part of the KC-135 aircrew training system program for the USAF. "Our position on key platforms such as the C-130J and MH-60 helicopters continues to provide a range of opportunities globally, including foreign military sale contracts through the United States government," said Gene Colabatistto, Group President, Military Products, Training and Services, CAE. US Navy/Royal Australian NavyCAE was awarded a contract to develop an MH-60R avionics maintenance trainer and weapons load trainer (AMT/WLT) for the Royal Australian Navy (RAN) under the United States foreign military sale (FMS) program. CAE USA will be the prime contractor responsible for the design and manufacture of the MH-60R AMT/WLT that will be delivered in 2015 to HMAS Albatross, located

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Posted-In: News Guidance Contracts Management Global

 

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