Market Overview

CAE Announces Defense Contracts Valued at More than C$110M

(NYSE: CAE) today announced that it has won contracts valued at more than C$110 million, not including options, to provide a range of training systems and services for defence customers. The contracts, which add to CAE's third quarter fiscal year 2014 order intake, include a new program to provide Beechcraft T-44C aircrew training for the United States Navy, a foreign military sale contract to provide an MH-60R Seahawk helicopter simulator for the Royal Danish Navy, and a contract from Beechcraft to provide a T-6C ground-based training system (GBTS) for the Mexican Air Force."CAE is a skilled and experienced training systems integrator with the proven capability to deliver comprehensive, integrated training solutions," said Gene Colabatistto, Group President, Defence and Security, CAE. "We are continuing to be successful with platforms where we have a strong position such as the MH-60R as well as pursue and win a range of turnkey training programs, such as the U.S. Navy T-44C. We are encouraged by the pipeline of global opportunities we have in front of us in both the traditional defence market as well as adjacencies such as public safety and security."U.S. Navy T-44CCAE USA will

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Posted-In: News Guidance Contracts Management Global

 

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