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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.

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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.

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