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Last $12.06 USD
Change Today +0.01 / 0.08%
Volume 16.4K
As of 8:04 PM 04/21/15 All times are local (Market data is delayed by at least 15 minutes).

cae inc (CAE) Key Developments

CAE Inc. Signs More Than CAD 140 Million in Contracts for Civil Aviation Training Solutions

CAE Inc. announced a series of training solutions contracts valued at a total of more than CAD 140 million at list prices. They include long-term training services contracts with low-cost airline Viva Columbia which will be training at a new CAE training centre in Columbia, a training contract expansion with Mesa Airlines, as well as five full-flight simulators.

CAE Wins Approximately CAD 220 Million Worth of Defence and Security Contracts

CAE announced that is has won approximately CAD 220 million worth of Defence and Security contracts during its fourth quarter to provide simulation products and upgrades as well as training services for global military customers. Some of the key contracts include providing a C-130J simulator to the United States Air Force; a range of C-130J training systems and upgrades for the Royal Australian Air Force; simulator upgrades and training services for the Royal Air Force; M-346 simulators for the Italian Air Force; in-service support for the British Army's Warrior infantry fighting vehicle training systems; and support services for the NATO Joint Lynx helicopter simulator. Lockheed Martin/USAF: Under subcontract from Lockheed Martin, CAE will design and manufacture a C-130J weapon systems trainer (WST) for the United States Air Force (USAF) Air Mobility Command. The C-130J WST will be the ninth developed by Lockheed Martin and CAE for the USAF's Air Mobility Command and will be delivered in 2018 to Yokota Air Force Base in Japan. Royal Australian Air Force: In support of the Royal Australian Air Force's (RAAF) tactical role enhancement program for the C-130J, CAE has been awarded a series of contracts from Australia's Defence Material Organisation (DMO) and Lockheed Martin to upgrade and enhance elements of the C-130J training system at RAAF Base Richmond. CAE is upgrading the tactical environment software in the CAE-built C-130J full-flight and mission simulator (FFMS) to enable the RAAF to create more realistic training scenarios and leverage the Common Database (CDB) capabilities for mission training and rehearsal. In addition, CAE is updating the mission brief/debrief system on the C-130J FFMS using CAE Flightscape software to enhance training system effectiveness. CAE is providing CAE Simfinity desktop trainers and instructor tools to bring high-fidelity virtual training to the RAAF's C-130J groundschool. CAE Simfinity Virtual Simulators (VSIM) and simulation-based courseware will support additional virtual training in the classroom for both pilots and loadmasters. Finally, under a subcontract from Lockheed Martin, CAE will provide CAE Simfinity Virtual Maintenance Trainers (VMT) as part of a modern electronic learning environment for RAAF C-130J maintainers. UK Ministry of Defence/Royal Air Force: The United Kingdom Ministry of Defence (MOD) has awarded CAE several upgrade and modification contract amendments for simulator training services at CAE's Medium Support Helicopter Aircrew Training Facility (MSHATF). The first contract amendment involves enhancements to the existing ground school training capabilities for both the Chinook and Puma 2 helicopters operated by the Royal Air Force (RAF). CAE is introducing its CAE Simfinity desktop trainers and instructor tools to bring additional virtual training to the classroom during the Puma 2 ground school phase of training. The use of CAE Simfinity and its high-fidelity simulation in the classroom will enable the RAF to more effectively utilize the Puma 2 dynamic mission simulator for advanced tactical and mission training. Two additional contract amendments involve CAE performing major upgrades on two of the CH-47 Chinook dynamic mission simulators to ensure concurrency with the RAF's CH-47 Mk4 helicopter variants. These simulator upgrades are a continuation of the JULIUS programme. Alenia Aermacchi: Alenia Aermacchi has awarded CAE a contract to provide an M-346 full-mission simulator (FMS) and M-346 part-task trainer (PTT) to support the Italian Air Force. This contract follows an earlier agreement signed in 2009 for Alenia Aermacchi and CAE to provide a comprehensive M-346 ground-based training system in support of Alenia Aermacchi's sale of the M-346 advanced trainer aircraft (called the T-346A by the Italian Air Force). Alenia Aermachi and CAE have already delivered one M-346 FMS and one M-346 PTT to Galatina Air Force Base near Lecce, Italy. This contract will see Alenia Aermacchi deliver a second M-346 FMS and PTT to Lecce as part of the T-346A Integrated Training System. The M-346 FMS will include a full-dome display system and next-generation CAE Medallion-6000 image generator. Alenia Aermacchi and CAE will also perform updates on the initial M-346 simulators delivered to the Italian Air Force and add new functionalities to support networked training as well as integrated live-virtual-constructive (LVC) training. UK Ministry of Defence/British Army: The United Kingdom Ministry of Defence has awarded CAE a four-year contract to provide logistics support and maintenance services on the British Army's suite of Warrior infantry fighting vehicle direct and indirect fire trainers. The British Army uses a comprehensive suite of training devices for artillery fire control, crew gunnery and turret skills training, and CAE will now provide in-service support on these training systems at British Army bases in the UK and Germany. In addition, CAE will provide configuration management of the British Army's Common Instructor Operating Station for Precision Gunnery, which is used to assess overall performance when training precision gunnery tasks. Joint Lynx Simulator Training Establishment (JLSTE): The NATO Support Agency (NSPA) has contracted CAE to provide maintenance and support services on the CAE-built Lynx full-mission flight trainer (FMFT) based at Naval Air Station (NAS) Nordholz in Germany. Under terms of the three-year contract, which includes an additional two option years, CAE will provide on-site maintenance services as well as logistics support and visual database development services.

CAE Appoints Torbjorn Wischer as Global Leader - Training Strategy for Civil Aviation

CAE announced the appointment of Torbjorn Wischer as Global Leader - Training Strategy for Civil Aviation, responsible for maintaining and developing CAE's position as the recognized global training partner of choice for customers in Civil Aviation. By leveraging CAE's decades of training expertise and industry credibility, he will further enhance the Company's value proposition in aviation training. Torbjorn Wischer will provide an address at the upcoming World Aviation Training Conference and Tradeshow, the commercial aviation training summit, which will be held in Orlando, Florida, USA, April 21-23, 2015. In addition to this new role, Mr. Wischer will retain his current responsibility as Head of Training for CAE's Commercial Aviation Training - Europe Africa Authorized Training Organization (ATO). Mr. Wischer has more than 25 years' experience in aviation training. He started his career as a Scandinavian Airlines System (SAS) pilot in 1987 and was promoted as commander in 1996. He has held several positions within SAS, including Project Manager, Chief Flight Instructor and Deputy Head of Training.

CAE Wins Contract Valued at More Than CAD 70 Million for Five Full-Flight Simulators and Update Services

CAE announced that it has sold five full-flight simulators (FFSs) and simulator update services to customers in North America, Europe, Africa and Asia. The contracts include: one Bombardier Q400 simulator to Westjet Encore, one Aircraft Industries L 410 turboprop simulator to the Czech Aviation Training Centre (CATC), one Boeing 737NG simulator to a customer in Africa, one Boeing 777 simulator to an undisclosed airline in Africa, one Boeing 737NG simulator for an undisclosed airline in Asia. The contracts are worth a total of more than CAD 70 million at list prices, and bring the total number of FFS sales announced year to date in fiscal year 2015 to 36. WestJet Encore has ordered a Bombardier Q400 full-flight simulator which will be delivered to the airline's training centre in Calgary, Canada, in March 2016. The CAE 5000 Series FFS will be equipped with the CAE Tropos-6000XR visual system with LED projectors and will be used to train pilots of the regional airline. The Czech Aviation Training Centre (CATC) has ordered the Level D full-flight simulator for Aircraft Industries' L 410 turboprop. The CAE 7000 Series simulator will be delivered to the training centre and will be ready for training in the middle of 2016.

CAE Inc. Announces Dividend, Payable on March 31, 2015

CAE Inc. will pay a dividend of $0.07 per share effective March 31, 2015 to shareholders of record at the close of business on March 13, 2015.

 

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