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CAE wins defence contracts valued at more than C$100 million

ID: 1464210

- 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

(firmenpresse) - MONTREAL, CANADA -- (Marketwired) -- 10/18/16 -- (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."

About CAE

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 8,000 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.

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Contacts:
CAE contacts:
Helene V. Gagnon, Vice President,
Public Affairs and Global Communications
+1-514-340-5536


Trade media:
Chris Stellwag, Director,
Marketing Communications - Defence and Security
+1-813-887-1242


Investor relations:
Andrew Arnovitz, Vice President,
Strategy and Investor Relations
+1-514-734-5760

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CAE wins commercial aviation training solution contracts valued at more than C$200 million
Bereitgestellt von Benutzer: Marketwired
Datum: 18.10.2016 - 04:00 Uhr
Sprache: Deutsch
News-ID 1464210
Anzahl Zeichen: 6705

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MONTREAL, CANADA


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Aircraft


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