Will manufacture and supply 10,000 ventilators for hospitals across Canada.
CEO Marc Parent believes 2020-21 “will be a tale of two halves” for the flight simulator manufacturer.
Ventilator design and testing is being finalized with an order from the federal government for 10,000 units.
The company also announced salary freezes and salary reductions for staff not affected
Recognized for launching a diversity and inclusion initiative aimed at strengthening the participation of women.
The order backlog reached a record $9.5 billion and the company had 78 full-flight simulators for the year.
The number of planes is expected to rise from 25,000 this year to 37,000 in 10 years.
Includes training facility in BC and options that could raise the value to $300 million.
Canadian deal modifies, extends NATO Flying Training program to 2023.
Will supply training and simulator technology to US and Austrian military branches.
Agreements cover flight simulators to training programs.
Company expects to sell more than the 41 full-flight simulators it sold in the last fiscal year.
But Montreal-based aerospace giant says long-term prospects bright.
The flight simulator-maker said severance costs will be about $25 million.
Will build and operate a new centre in Alabama with a suite of training equipment.