CAE awarded military contracts valued at up to $106 million
Aug. 13, 2008, Montreal - CAE today announced a series of military contracts valued at up to C$106 million.
Aug. 13, 2008, Montreal – CAE today announced a series of military contracts valued at up to C$106 million. The contracts are with Canada's Department of National Defence, L-3 Communications, the United States Navy, Eurofighter Simulation Systems (ESS), and small business prime contractor C2 Technologies. The contracts include more than C$71 million in firm orders with an additional C$35 million in contract options.
"We continue to see strong opportunities in the global military market for our portfolio of products and services, as evidenced by these contracts valued at up to C$106 million in addition to our Rotorsim announcement last week which is worth more than C$40 million to CAE," said Marc Parent, CAE's Group President, Simulation Products and Military Training & Services.
"It is encouraging to see defence forces looking more and more to modelling, simulation and support services to address challenges such as maintaining readiness, high operational demand on aircraft and increasing fuel costs. With our global footprint and expanding capabilities to serve the entire defence systems lifecycle, CAE is well-placed for success in our military business."