CAE awarded $200 million in military contracts

The company said the agreement mostly covers training

October 15, 2012

MONTREAL—CAE Inc has won a series of military contracts valued at approximately C$200 million, including two awarded by the US. The Montreal-based company will develop a full-mission simulator for the Kuwait Air Force, under a contract awarded by the US navy under a foreign military sale program.

The US 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 US air force under that contract. CAE says it has also signed long-term training service 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.