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CAE wins contracts worth $110M

(Stock image)

(Stock image)

Published on June 11, 2012
Published on June 11, 2012
The Canadian Press ~ OBJ  RSS Feed

Flight training company CAE (TSX:CAE) said Monday it has won military contracts worth more than $110 million.

Topics :
CAE , Canadian Forces , L-3 Communications

One of the contracts involves a deal to provide a suite of fixed-wing, advanced jet trainer aircraft simulators and training devices to meet the future aircrew training requirements of an unnamed customer.

CAE will design and manufacture a number of full-mission simulators that will each feature a high-fidelity replica of the cockpit surrounded by an 11-foot front projection dome display.

It will also provide integrated procedures trainers, an egress training device, an ejection seat training device and a range of brief/debrief systems.

Meanwhile, the Montreal-based company, which has a presence in Ottawa, has also been awarded a one-year contract renewal by L-3 MAS, a subsidiary of L-3 Communications, to provide a range of in-service support services for the Canadian Forces' CF-18 aircraft.

The services include avionics software upgrades, integrated logistics support and data management services.

L-3 MAS has been the prime contractor on the CF-18 in-service support program since 1986 and CAE has been performing systems engineering support services for the CF-18 fleet for more than 25 years.

CAE is a global leader in modelling, simulation and training for civil aviation and defence, employing some 8,000 people at more than 100 sites and training locations in about 30 countries.

On the Toronto Stock Exchange, CAE shares were up 20 cents Monday morning at $9.95.

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