Author: Mary-Louise Hoffman|| Date Published: April 6, 2016
Gene Colabatistto
CAE (NYSE: CAE) has captured contracts worth a combined $132.8 million to provide flight simulation equipment and pilot training services to multiple domestic and international defense customers.
The company said Wednesday it received a contract from Lockheed Martin (NYSE: LMT) to build Phenom 100 synthetic training devices for a U.K. military flying training program and another contract from Boeing (NYSE: BA) to help update P-8A operational flight trainers of the U.S. Navy.
The U.K. awarded the company a contract modification to integrate digital automatic flying control technology into two CH-47 multimission aircraft simulators for the British air force.
Canada picked CAE to help maintain hardware and software of flight simulators at various military bases throughout the country.
Australia asked the company to produce a C-130J fuselage cargo compartment trainer for the country’s air force.
Gene Colabatistto, president of CAE’s defense and security group, noted he believes the growing demand for integrated live, virtual and constructive training systems presents market opportunities for the organization.
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