CAE announces $230M-plus in contract wins
One-year services contract with US Defence Department could grow from $20 million to $$100 million.
CAE will train crews to pilot Predator drones. Photo: US Air Force photo/Senior Airman Julianne Showalter
MONTREAL — CAE Inc. has been chosen to train US Air Force crews to operate Predator and Reaper remotely piloted aircraft, commonly called drones.
The Montreal-based company says the initial one-year services contract is for US$20 million and could be worth up to US$100 million if extended to the maximum.
The contract – originally announced by the US Defence Department on July 30 – was one of several disclosed by the company ahead of its annual meeting of shareholders and a conference call with analysts.
CAE also announced a $210-million contract to supply eight flight simulator, related equipment and services to an unidentified customer.
CAE also said it has been awarded a contract worth an undisclosed amount to provide three mission training simulators for the Royal Australian Air Force.
© 2013 The Canadian Press