$203M in military contracts for CAE

Oct. 17, 2012 at 10:50 AM
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MONTREAL, Oct. 17 (UPI) -- CAE, the Canadian simulation systems company, reports it has received military contracts from the United States and Asia worth a total of $203.3 million.

The contracts include a U.S. Navy award to provide the Air Force of Kuwait with a KC-130J full-mission simulator; the exercise of a contract option by the U.S. Air Force for continued training services for KC-135 tanker crews; and a modification to contract for KC-135 upgrades.

Also included in the total were long-term training services contracts for an unidentified country.

"We are pleased to welcome the Kuwait Air Force to the long list of customers who have selected CAE as their provider of C-130 training systems and services," said Gene Colabatistto, Group President, Military Products, Training and Services, CAE. "The Middle East and Asia are markets that are increasingly offering a solid pipeline of opportunities, and we are seeing some good potential for upgrade business as defense forces look to leverage simulation-based training for more of their training requirements.

"Global militaries continue to believe in the fundamental value of simulation-based training, and CAE is well-positioned around the world to deliver a range of solutions designed to enhance efficiency and save money while helping to maintain readiness."

The U.S. Navy order for a KC-130J simulator for Kuwait is the result of a U.S. Foreign Military Sale. The simulator will be delivered to Kuwait in 2015. It will feature the company's True electric motion system, Medallion-6000 image generator, and common database architecture.

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