Flight training firm CAE signs new defence contracts worth $110M

Flight training and simulator company CAE Inc. says it has signed $110 million worth of contracts with several international defence customers, including the German and New Zealand air forces.

Montreal company inks new deals with New Zealand, Germany air forces

CAE president Marc Parent says the job cuts will help keep the company competitive. (Radio-Canada archives)

Flight training and simulator company CAE Inc. says it has signed $110 million worth of contracts with several international defence customers, including the German and New Zealand air forces.

The Montreal based-company said it will provide a ground-based flight training system for the Royal New Zealand Air Force, and upgrade the simulators used by the German Air Force.

CAE will also provide a full-mission simulator to Korea Aerospace Industries, which is developing an advanced jet trainer and ground based flight training system for Iraq. The fourth contract is for a boom operator weapon systems trainer for an undisclosed international customer.

The company said the contracts fit with its plan to pursue long-term clients, and show that defence and security forces around the world continue to recognize the importance of simulation-based training.