CAE (NYSE: CAE) (TSX: CAE) has announced that the Government of Canada has awarded a C$250 million contract to CAE. The contract is for a comprehensive CH147F Chinook helicopter aircrew training solution.
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The contract was given to CAE under the Operation Training Systems Provider (OTSP) program and in support of Canada’s new fleet of 15 CH147F Chinook medium-to-heavy lift helicopters.
CAE is a world leader in providing simulation and modeling technologies and integrated training solutions for the civil aviation industry and defense forces around the globe. With annual revenues exceeding C$1.6 billion, CAE employs more than 6,500 people at more than 90 sites and training locations in 20 countries.
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