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CAE Wins $90M in Training Support, Flight Equipment Work; Gene Colabatistto Comments

Gene Colabatistto
Gene Colabatistto

CAE has won approximately $87.7 million in contracts to provide training support services, update flight trainers and help maintain military flight simulation equipment for military customers.

The modeling and simulation company won the contracts during the first two months of the fourth quarter for its 2013 fiscal year, the company said Thursday.

Under a fourth contract, the company will provide in-service support services to an unidentified customer.

“Our large installed base of simulators and training devices around the world continue to provide a steady source of orders for ongoing sustainment, maintenance and support services, ” said Gene Colabatistto, group president for military products, training and services.

Under a subcontract with Lockheed Martin (NYSE: LMT), CAE will help the U.S. Air Force maintain two C-130J maintenance and aircrew training system programs and help Taiwan’s air force maintain its C-130H training devices.

A second contract covers updates to the Navy‘s MH-60S helicopter’s operational flight trainers, weapons tactics trainers, aerodynamics model, weapons and airborne mine counter measures.

Germany also awarded CAE a one-year contract extension to continue providing on-site maintenance for flight simulation equipment at 20 sites in Europe.

Engineers and technicians will help maintain fighter jets, transport planes and helicopters.”We are also seeing increased opportunities for simulator upgrades and updates as defence forces look for ways to increase the amount of training done in a synthetic environment, ” Colabatistto said.

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