CAE Inc.
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CAE Inc.

September 13, 2016 06:00 ET

CAE wins defence contracts valued at more than C$120 million

- USAF MQ-1 Predator/MQ-9 Reaper aircrew training services

- U.S. Navy MH-60 Seahawk simulator upgrades

- CAE GESI constructive simulation system upgrade for Austria

MONTREAL, CANADA--(Marketwired - Sept. 13, 2016) - (NYSE:CAE)(TSX:CAE) - CAE today announced that it has won defence contracts valued at more than C$120 million to provide a range of training services and simulation product upgrades for global military customers.

Some of the key contracts include the United States Air Force exercising a contract option for CAE USA to provide MQ-1 Predator/MQ-9 Reaper remotely piloted aircraft (RPA) aircrew training services; the United States Navy exercising contract options on the MH-60 Tech Refresh and Procurement of Simulators program; and the Austrian Armed Forces awarding a contract to upgrade their CAE GESI command and staff training system.

"Our large installed base of existing training devices and simulation systems provide ongoing upgrade and update opportunities along with long-term service and support business," said Gene Colabatistto, CAE's Group President, Defence & Security. "We are pleased to continue our support of the United States Air Force as their training partner on the MQ-1 Predator/MQ-9 Reaper remotely piloted aircraft, which is the world's largest RPA training program."

U.S. Air Force MQ-1 Predator/MQ-9 Reaper

The United States Air Force (USAF) has awarded CAE USA a contract for option year three on the MQ-1 Predator and MQ-9 Reaper remotely piloted aircraft aircrew training services and courseware development program. CAE USA works closely with active-duty USAF personnel to provide classroom, simulator and live flying instruction for more than 1,500 pilots and sensor operators who train annually at Holloman AFB, New Mexico; Creech AFB, Nevada; March Air Reserve Base, California; and Hancock Air National Guard Base, New York.

United States Navy

The United States Navy has exercised additional contract options as part of the MH-60R/S Tech Refresh and Procurement of Simulators (TRPS) program. Under the MH-60 TPRS program, CAE USA is performing major updates and upgrades to the U.S. Navy's suite of MH-60S Sierra and MH-60R Romeo training systems, including tactical operational flight trainers and weapons tactics trainers.

Austrian Armed Forces

CAE was awarded an upgrade contract to provide the latest generation CAE GESI command and staff training system to the Austrian Armed Forces, which has been using its existing CAE GESI constructive simulation system for more than two decades. The latest generation CAE GESI software will be provided to the Austrian Armed Forces in phases over the next year to update and enhance the command and staff training provided to military and civil commanders. Enhancements to the latest version of the CAE GESI software include an easy-to-use exercise editor, comprehensive after-action-review capability, and interoperability with a range of command and control (C2) systems.

About CAE

CAE's Defence & Security business unit focuses on helping prepare our customers to develop and maintain the highest levels of mission readiness. We are a world-class training systems integrator offering a comprehensive portfolio of training centres, training services and simulation products across the air, land, sea and public safety market segments. We serve our global defence and security customers through regional operations in Canada; the United States/Latin America; Europe/Middle East/Africa; and Asia/Pacific, all of which leverage the full breadth of CAE's capabilities, technologies and solutions.

CAE is a global leader in training for the civil aviation, defence and security, and healthcare markets. Backed by a 70-year record of industry firsts, we continue to help define global training standards with our innovative virtual-to-live training solutions to make flying safer, maintain defence force readiness and enhance patient safety. We have the broadest global presence in the industry, with 8,000 employees, 160 sites and training locations in over 35 countries. Each year, we train more than 120,000 civil and defence crewmembers and thousands of healthcare professionals worldwide. www.cae.com

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Contact Information

  • CAE contacts:
    Helene V. Gagnon, Vice President,
    Public Affairs and Global Communications
    514-340-5536
    helene.v.gagnon@cae.com

    Trade media:
    Chris Stellwag, Director,
    Marketing Communications - Defence and Security
    813-887-1242
    chris.stellwag@cae.com

    Investor relations:
    Andrew Arnovitz, Vice President,
    Strategy and Investor Relations
    514-734-5760
    andrew.arnovitz@cae.com