Jump to content

Recommended Posts

CAE wins military training contracts

 

The Gazette

Published: 32 minutes ago

Montreal flight simulator builder CAE Inc. said today it has won a series of military training contracts worth up to $106 million and including $71 million in firm orders.

 

The contracts are with Canada's Department of National Defence, L-3 Communications of the U.S., the U.S. Navy, Eurofighter Simulation Systems and contractor C2 Technologies.

 

CAE said it sees strong opportunities ahead in the global military market- normally more stable than the civil aviation sector.

 

CAE also said earnings for the first quarter ended June 30 rose 19 per cent to $46.1 million or 18 cents a share from $38.7 million or 15 cents a share a year earlier, because of strong Asian and European civil aircraft training business and rising military orders. Revenue climbed 9.4 per cent to $392 million.

Link to comment
Share on other sites

Congrats.

 

I went to CAE many years ago, I tried out one of their flight sims for a Boeing, forgot which one. Its quite insane, to be in a flight sim that size. Honestly once your in one of those, Microsofts flight sim is nothing.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...