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CAE to Continue Support for Canadian Air Force-Led NATO Flight Training Program; Joe Armstrong Comments

TYSONS CORNER, VA, Jan. 18, 2017 — The government of Canada has awarded CAE (NYSE: CAE) a potential $228 million contract modification to extend the company’s support for a NATO flight training program led by the Canadian air force, ExecutiveBiz reported Friday.

The company said Thursday it will continue to provide assistance for the NATO Flying Training in Canada program through 2023 under the new award, which also has a one-year optional extension.

“Since acquiring the NFTC program in October 2015, CAE has worked closely with the Royal Canadian Air Force on a range of initiatives to help improve the quality and efficiency of training, ” said Joe Armstrong, vice president and general manager of CAE’s Canadian arm.

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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