CAE today announced that it has been awarded defence contracts on a range of platforms valued at more than C$175 million to provide simulation products, training services and in-service support for global military customers.
These contracts, awarded during CAE's first quarter of fiscal year 2018, involve programs that highlight CAE's position on major platforms and its Training Systems Integrator strategy. They include Lockheed Martin to support development of five C-130J fuselage trainers for the U.S. Marine Corps and U.S. Air Force Special Operations Command; L3 MAS to continue providing CF-18 in-service support services for the Royal Canadian Air Force's CF-18 fleet; and Airbus Defence and Space to provide in-service support for the C295W Fixed-Wing Search and Rescue training program for the Royal Canadian Air Force.
"These orders augment the long-term, recurring revenue profile of our defence business," said Gene Colabatistto, CAE's Group President, Defence & Security. "Original equipment manufacturers and global militaries continue to recognize our training and simulation experience on enduring platforms, such as the C-130J, which combined with a positive defence environment continues to provide us a healthy pipeline of opportunities around the world."
CAE's Defence & Security business unit focuses on helping prepare our customers to develop and maintain the highest levels of mission readiness. We are a world-class training systems integrator offering a comprehensive portfolio of training centres, training services and simulation products across the air, land, sea and public safety market segments. We serve our global defence and security customers through regional operations in Canada; the United States/Latin America; Europe/Middle East/Africa; and Asia/Pacific, all of which leverage the full breadth of CAE's capabilities, technologies and solutions.
CAE is a global leader in training for the civil aviation, defence and security, and healthcare markets. Backed by a 70-year record of industry firsts, we continue to help define global training standards with our innovative virtual-to-live training solutions to make flying safer, maintain defence force readiness and enhance patient safety. We have the broadest global presence in the industry, with over 8,500 employees, 160 sites and training locations in over 35 countries. Each year, we train more than 120,000 civil and defence crewmembers and thousands of healthcare professionals worldwide. www.cae.com
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