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CAE wins military contracts worth $200 million

Oct. 15, 2012, Montreal - CAE Inc.  has won a series of military contracts valued at approximately C$200 million, including two awarded by the United States.


October 15, 2012
By The Canadian Press

The Montreal-based will develop a full-mission simulator for the Kuwait Air Force, under a contract awarded by the U.S. navy under a
foreign military sale program.

The U.S. air force has also exercised its option for a third year of tanker aircrew training services. CAE will perform a range of simulator upgrades for the U.S. air force under that contract.

CAE says it has also signed long-term training services contracts with an Asian military customer, which wasn't identified in the company's announcement.

Under the Asian contract, CAE will provide training on helicopter and fixed-wing aircraft training over the next 25 years.