CAE Wins Defense Contracts

CAE, a provider of training for the civil aviation industry, said premarket Tuesday that it won defense contracts on a range of platforms valued at more than C$175 million ($138.9 million) to provide simulation products, training services and in-service support for global military customers. These contracts were awarded during CAE’s Q1, involve programs that highlight CAE’s position on major platforms and its Training Systems Integrator strategy.

They include Lockheed Martin (LMT) to support development of five C-130J fuselage trainers for the U.S. Marine Corps and U.S. Air Force Special Operations Command; L-3 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.

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