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CAE Wins $95M in Int’l Military Service Contracts; Gene Colabatistto Comments

Gene Colabatistto - CAE,  ExecutiveMosaic
Gene Colabatistto

CAE (NYSE: CAE) has won three contract awards worth $95 million combined to support military customers in the U.S. and 14 other countries.

The deals involve work in areas such as the production of aircraft components, technical training and product sales, CAE said Thursday.

AgustaWestland, Coptersafety and Havelsan will work with CAE on the projects.

“We are focused on a diverse pipeline of opportunities in both the established and emerging markets and I am pleased we are winning new programs in the Asia-Pacific region involving countries such as Japan, Korea, Singapore, India and others, ” said Gene Colabatistto, CAE group president for military products, training and services.

The U.S. Navy awarded a foreign military sales contract to CAE USA for flight and maintenance training services to pilots and aircrew of Japan’s maritime forces.

Under a second contract with Coptersafety, CAE and AgustaWestland will co-develop the 3000 Series AW139 full-flight simulator for the Finland-based Finnair Flight Academy’s helicopters.

Havelsan will acquire CAE’s Medallion-6000 image generator under a third contract and Turkey’s army intends to use that system for chopper simulators and a weapons and tactics training system.

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