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Business/Financial

CAE Wins Military Contracts Valued At More Than $55 Million

By Cal Biesecker

Thursday, August 23rd, 2012

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CAE [CAE] yesterday said it won a series of military contracts valued at more than about $55.4 million from Airbus Military, BAE Systems, and the U.K. Ministry of Defense. “These orders are indicative of the types of opportunities we see as a result of CAE’s global footprint, position on key platforms, and the fundamental value of simulation-based training solutions,” said Gene Colabatistto, group president, Military Products, Training and Services, CAE. “In growth markets such as the Middle East and India, we…

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