CAE wins defence contracts valued at more than C$100 million
posted on Oct 18, 2016
- Extension of key long-term training services contracts with U.S. Air Force KC-135 and U.S. Navy T-44C
- Rotorsim maintenance and support services
- Insitu ScanEagle remotely piloted aircraft system instructors
MONTREAL, CANADA--(Marketwired - Oct. 18, 2016) - (NYSE:CAE)(TSX:CAE) - CAE today announced that it has won defence contracts valued at more than C$100 million to provide a range of training and support services for global military customers.
Some of the key contracts include the United States Air Force exercising a contract option for CAE USA to continue providing KC-135 tanker aircrew training services; the United States Navy exercising a contract option for CAE USA to continue providing T-44C aircrew training services; Rotorsim to provide long-term maintenance and support services on a variety of helicopter simulators; and Insitu to provide ScanEagle remotely piloted aircraft system (RPAS) instructors.
"The KC-135 and T-44C aircrew training services contracts are prime examples of long-term contracts that provide sources of recurring revenue for CAE, while the contract to provide ScanEagle Remotely Piloted Aircraft System (RPAS) instructors for Insitu's training center is another win in the growing RPAS training market where CAE is already a leader," said Gene Colabatistto, CAE's Group President, Defence & Security. "We are proud to continue to be the training partner of choice of defence customers globally."