Gene Colabatistto: CAE Extends Global Defense Reach With $102M in 3Q Military Training Deals

Gene Colabatistto
Gene Colabatistto

CAE (NYSE: CAE) won approximately $102 million in contract awards during the third quarter of its 2014 fiscal year, covering flight simulation technology and related services to U.S. and international defense customers.

Those deaks include a potential $30 million contract to support the U.S. Navy‘s T44-C pilot training program, CAE said Wednesday.

“We are encouraged by the pipeline of global opportunities we have in front of us in both the traditional defence market as well as adjacencies such as public safety and security, ” said Gene Colabatistto, CAE group president of defense and security.

The Navy selected CAE to help train more than 500 airmen a year to fly multi-engine aircraft at the Corpus Christi Naval Air Station in Texas for nine base months and options cover work for up to six additional years.

CAE will also design and manufacture an MH-60R helicopter simulator for Denmark’s navy under a U.S. foreign military sales agreement.

According to CAE, the helicopter will have an image generator and a common database architecture and is slated for delivery to Denmark’s Karup Air Base in 2016.

The company has also partnered with Beechcraft Corp. to build the T-6C ground-based training system for the Mexican Air Force.

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