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CAE Secures Simulation, Training Support Contracts Worth $134M; Gene Colabatistto Comments

Gene Colabatistto

TYSONS CORNER, VA, Jan. 19, 2017 — CAE (NYSE: CAE) has landed contracts worth a total of $134.1 million from international military customers for new simulation technologies, simulator updates and training support services, ExecutiveBiz reported Tuesday.

The company said Tuesday it closed a deal with Airbus‘ defense and space business unit for the delivery of a new C295 full-flight simulator to a training center in Spain, as well as with the U.S. and Australian navies for MH-60 Seahawk helicopter training support.

Another contract from Babcock involves pilot training support for the French air force.

“Global militaries and original equipment manufacturers continue to recognize CAE’s expertise and experience as a training systems integrator on enduring platforms, and this continues to provide us a healthy pipeline of opportunities around the world, ” said Gene Colabatistto, CAE group president of defense and security.

About Executive Mosaic: Founded in 2002, Executive Mosaic is a leadership organization and media company. Executive Mosaic offers highly coveted executive events, breaking business news on the Government Contracting industry, and delivers robust and reliable content through seven influential websites and four consequential E-newswires. Headquarters are located in Tysons Corner, VA. www.executivemosaic.com

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