CAE Signs a $1.7B Deal With SkyAlyne to Aid Canada's FAcT Program
CAECAE(CAE) ZACKS·2024-10-07 23:56

CAE Inc. (CAE) recently declared that it has inked a 25-year subcontract with SkyAlyne, a joint venture between CAE and KF Aerospace, to provide cutting-edge, modern pilot training to the Royal Canadian Air Force ("RCAF"). The subcontract is estimated to be worth nearly $1.7 billion. A Brief Note on CAE's New Deal Per the terms of the deal, CAE will initially construct and supply a variety of simulators and training devices to be installed at Moose Jaw, Saskatchewan, and Southport, Manitoba, for the differe ...