CAE wins defense contracts from USAF, US Navy valued at more than CAD120m

CAE (NYSE:CAE)(TSX:CAE) has won defense contracts valued at more than CAD120 million to provide a range of training services and simulation product upgrades for global military customers, the company said.

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.

CAE´s Defense and Security is a 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 for the civil aviation, defense and security, and healthcare markets.