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Last $11.43 USD
Change Today +0.01 / 0.09%
Volume 7.3K
CAE On Other Exchanges
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As of 8:04 PM 07/30/15 All times are local (Market data is delayed by at least 15 minutes).

cae inc (CAE) Key Developments

CAE Receives a Series of Training Solution Contracts with Airlines Valued at More Than CAD 115 Million

CAE announced a series of training solution contracts with airlines valued at more than CAD 115 million. The diversity of these agreements highlights the span of CAE's full range of training programs that cover the entire career life cycle of professional pilots, from cadet to captain. They include: A Multi-Crew Pilot Licence (MPL) First Officer Program extension with Japan Airlines for the training of 100 more cadets An exclusive five-year contract with Aurora Airlines for A319 pilot type-rating training One Airbus A350 full-flight simulator (FFS) to Asiana Airlines One Boeing 787-8 FFS to Hainan Airlines One Airbus A330 FFS to an undisclosed North American airline One Bombardier CRJ900NG FFS to an undisclosed North American airline Simulator update services The full-flight simulators (FFSs) are at list prices, which include the value of OEM aircraft-specific data, parts and equipment (DP&E), normally procured by CAE in the manufacture of its simulators. In the case of these contracts, some customers are providing part of the OEM content. CAE and Japan Airlines (JAL) have agreed to extend the Japan Airlines Multi-Crew Pilot License (MPL) First Officer Program. Under the new agreement, a further 100 cadets will be selected to begin MPL training for Japan Airlines (JAL) over the next few years. Aurora Airlines has selected CAE for the provision of A319 training services under an exclusive five-year agreement. Pilots began their training in Gimpo city, Korea this month, and a total of 1,000 training hours are expected to be completed in the first year. Hainan Airlines has ordered one B787-8full-flight simulator (FFS) which will be installed at the airline's training center in Sanya, China. The CAE 7000Series FFS will be equipped with the latest CAE Tropos 6000XR visual system and will be ready-for-training in April 2016. Hainan Airlines has been a customer of CAE since 2007. Asiana Airlines has ordered one A350 full-flight simulator (FFS) which will be installed at the airline's training center in South Korea. The CAE 7000XR Series FFS will be equipped with the latest CAE Tropos 6000XR visual system. Asiana Airlines and CAE share a relationship that spans over twenty years, with the entire portfolio of flight simulators owned by the airline being supplied by CAE.

CAE Inc. Renews Collaboration Agreement with Eurofighter Simulation Systems

CAE Inc. and Eurofighter Simulation Systems (ESS) have renewed their collaboration agreement related to the provision of visual systems on the Eurofighter Typhoon Aircrew Synthetic Training Aids, or ASTA, program. Under the Eurofighter ASTA programme, ESS serves as the prime contractor and design authority for the comprehensive suite of Eurofighter training systems operated by the four Eurofighter partner nations (UK, Germany, Spain, and Italy) as well as Austria. CAE has provided the visual systems required as part of the Eurofighter ASTA programme, and under terms of the renewed collaboration agreement will continue to work exclusively through ESS on the provision of visual systems on Eurofighter ASTA devices. The comprehensive visual solution offered by CAE for the Eurofighter ASTA programme includes the next-generation CAE Medallion-6000 image generator as well as display systems and database development tools.

CAE and Eurofighter Simulation Systems Renew Collaboration Agreement on Eurofighter Visual Systems

CAE and Eurofighter Simulation Systems announced they have renewed their collaboration agreement related to the provision of visual systems on the Eurofighter Typhoon Aircrew Synthetic Training Aids programme. Under the Eurofighter ASTA programme, ESS serves as the prime contractor and design authority for the comprehensive suite of Eurofighter training systems operated by the four Eurofighter partner nations (United Kingdom, Germany, Spain, and Italy) as well as Austria. CAE has provided the visual systems required as part of the Eurofighter ASTA programme, and under terms of the renewed collaboration agreement will continue to work exclusively through ESS on the provision of visual systems on Eurofighter ASTA devices. The comprehensive visual solution offered by CAE for the Eurofighter ASTA programme includes the next-generation CAE Medallion-6000 image generator as well as display systems and database development tools.

CAE Names Andy Jazwick as Vice President, Washington Operations of Defense and Security

CAE announced the appointment of Andrew Andy Jazwick as Vice President, Washington Operations for its Defense and Security business unit. In this newly established position for the company, Mr. Jazwick will serve as the senior executive for CAE Defense and Security in Washington, DC and have responsibility for all CAE worldwide efforts involving the greater Washington, DC area. He will work closely with senior executives across CAE, executing the company's strategic plan in the federal market space. In this capacity, he is responsible for representing the company to the United States Congress, federal agencies, foreign governments and the industry associations in which CAE participates. Prior to joining CAE, Mr. Jazwick was the Corporate Vice President of Legislative Affairs for Cubic Corporation where he oversaw the company's defense and transportation activities on Capitol Hill and was Chairman of the company's Political Action Committee.

CAE Inc. Wins Contract from Boeing to Develop Four P-8A Operational Flight Trainers

CAE Inc. has won a contract from The Boeing Company to develop simulator hardware for four additional P-8A Poseidon operational flight trainers, or OFTs, for the US Navy and the Royal Australian Air Force, or RAAF. Two of the P-8A OFTs are for the US Navy, which will bring the Navy's total to 18 P-8A OFTs. The other two P-8A OFTs are part of a US Cooperative Program via the P-8 Production, Sustainment, and Follow-On Development Memorandum of Understanding (PSDF MOU) with the US Navy to provide the Royal Australian Air Force (RAAF) with a comprehensive P-8A training system. The contract for the two RAAF P-8A OFTs was signed in CAE's fourth quarter of fiscal year 2015 and included in the value of contracts announced on April 8, 2015. The contract for the two US Navy P-8A OFTs was signed in CAE's first quarter of fiscal year 2016. The P-8A OFTs for the RAAF will be similar to the P-8A OFTs that CAE is already developing for Boeing for delivery to the US Navy. CAE designs and manufactures the P-8A OFT hardware to Level D standards, the high qualification for flight simulators. CAE also provides the 737-800 OFT software baseline and simulation-based software lab environment that is used for P-8A OFT development and integration tasks. CAE then delivers the simulators to Boeing, who installs and integrates software specific to the P-8A aircraft. The Navy has significantly increased the amount of synthetic training it does as part of the P-8A training program, and the high-fidelity P-8A operational flight trainers developed by CAE and Boeing play a key role in the overall P-8A training curriculum. The two P-8A OFTs for the RAAF are scheduled for delivery to RAAF Base Edinburgh in late 2017. The two additional P-8A OFTs for the US Navy are scheduled for delivery to Naval Air Station Whidbey Island in 2017. The P-8A Poseidon is a new long-range anti-submarine and anti-surface warfare aircraft currently being developed for the US Navy by prime contractor Boeing. The P-8A is a derivative of Boeing's next-generation 737-800 aircraft and is used for maritime and littoral operations. The US Navy's warfighting requirement is 117 P-8A aircraft, and these aircraft are replacing the US Navy's current fleet of P-3C Orion aircraft.

 

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