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.