CAE awarded two new contracts

CAE (CAE +2%) says its subsidiary, CAE USA, has been awarded a contract to provide comprehensive Predator and Reaper remotely piloted aircraft aircrew training services to the U.S. Air Force.

The contract has a one-year base for $20M with four one-year options that could bring the total to around $100M if exercised.

CAE USA will provide classroom, simulator, and live flying instruction as well as courseware development in support of the MQ-1 Predator and MQ-9 Reaper training programs.

It's also been awarded a contract by BAE Systems to provide 3 Hawk Mk127 full-mission simulators for the Royal Australian Air Force.

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