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 ...
The GovCon Index entered the final week of trade for the first quarter with a modest gain of 0.175 points to 72.953 in choppy trade for U.S. markets as stocks struggled to gain clear direction. Monday represented Montreal-based aerospace and defense contractor CAE‘s (NYSE: CAE) first day as a GovCon Index-listed stock to replace Heal...
Executive Mosaic will replace Health Net with aerospace and defense firm CAE (NYSE: CAE) in the GovCon Index effective Monday following the health insurer’s acquisition by Centene (NYSE: CNC). CAE closed Thursday at $11.32 per share and a market capitalization of $3.1 billion. GCI closed Thursday with a 0.412-point drop to ...
The GovCon Index lagged for a third consecutive trading session Thursday to end at a decline of 0.412 points to 74.640 on the week’s final day of trade as U.S. financial markets are closed on Good Friday. Thursday’s close puts the Index at a decline of 1.207 percent on a weekly basis to end the GCI̵...
TYSONS CORNER, VA, March 17, 2016 ” CAE (NYSE: CAE) has included a new C-130H/L-382 full-mission simulator to its C-130 training center in Florida that also features Rockwell Collins™ (NYSE: COL) Flight2 glass cockpit avionics system, ExecutiveBiz reported March 8. Ray Duquette, president and general manager of CAE USA, said in a company r...
TYSONS CORNER, VA, February 29, 2016 ” CAE (NYSE: CAE) will provide training and simulation technology and services to three international customers under separate contracts worth $59.2 million, ExecutiveBiz reported Friday. The company said Thursday the contracts from the U.S. Air Force, NATO Support and Procurement Agency and the Public...
TYSONS CORNER, VA, February 24, 2016 ” Raytheon (NYSE: RTN) has officially unveiled that its teaming arrangement with CAE (NYSE: CAE), Finmeccanica and Honeywell (NYSE: HON) will offer the T-100 trainer aircraft for the U.S. Air Force‘s T-X program, ExecutiveBiz reported Tuesday. Raytheon said Monday T-100 is based on the Aermacchi M...
TYSONS CORNER, VA, February 22, 2016 ” Raytheon (NYSE: RTN) will likely hold the prime role in a teaming agreement with CAE (NYSE: CAE) and Alenia Aermacchi to pursue the U.S. Air Force‘s T-X pilot trainer contract, ExecutiveBiz reported Friday. Defense News reported Tuesday Raytheon will replace General Dynamics (NYSE...
CAE (NYSE: CAE) has agreed to acquire the commercial aviation training business of Lockheed Martin (NYSE: LMT) for an undisclosed sum with no timeframe given for the transaction’s projected closure. Montreal-based CAE said Monday said it seeks to expand its customer-installed base of commercial flight si...
TYSONS CORNER, VA, February 16, 2016 ” CAE (NYSE: CAE) will update and integrate the U.S. Air Force‘s KC-135 aircrew training platforms to the service branch™s Distributed Training Center Network, ExecutiveBiz reported Friday. The company said Thursday the contract covers updates to the Boeing-built (NYSE: BA...
