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CAE announced that it was awarded approximately $140 million in military contracts, including approximately $85 million to CAE USA alone. The US contracts also include options valued at an additional $50 million over the next five years. The contracts are part of CAE’s second quarter order intake and are in addition to contracts already announced.
The contracts include an option exercise by the United States Air Force (USAF) for the fourth year of KC-135 tanker aircrew training services, numerous KC-135 simulator upgrades, a new contract from the USAF to provide operations and maintenance support for new KC-135 boom operator weapon systems trainers (BOWST), a contract to develop a military helicopter full-mission simulator for an undisclosed customer and a contract to perform a range of upgrades on the German Air Force Tornado simulators.
“Our position on enduring platforms like the KC-135 tanker, and various military transport aircraft and helicopters continues to yield opportunities for CAE in the United States and abroad, particularly as our defence and security customers look to leverage simulation for an increasing portion of their training curriculum,” said Gene Colabattisto, CAE Group President, Military Products and Training and Services. “These contracts with multi-year options enhance our visibility in an otherwise hard to predict defence environment. We have been increasingly focused on long-term training services contracts in the United States and around the world, which give our business greater predictability, and we see a solid pipeline of opportunities globally.”
