CAE wins defence contracts worth C$175 million
CAE has been awarded defence contracts worth more than $175 million to provide simulation products, training services and in-service support for the US and Canadian armed forces, the company announced on 18 July.
The agreements include a contract from Lockheed Martin to support development of five C-130J fuselage trainers for the US Marine Corps and US Air Force Special Operations Command.
Under an order from L3 MAS, CAE will continue to provide CF-18 in-service support services for the Royal Canadian Air Force's CF-18 fleet.
The company has also secured a contract from Airbus Defence and Space to provide in-service support for the C295W Fixed-Wing Search and Rescue training programme for the Royal Canadian Air Force.
Gene Colabatistto, president, Defence and Security, CAE, said: ‘These orders augment the long-term, recurring revenue profile of our defence business. Original equipment manufacturers and global militaries continue to recognise 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.’
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