CAE awarded contract to deliver Australia's Future Air Mission Training System

CAE (NYSE: CAE) secured a CAD 270M+ contract with the Commonwealth of Australia to deliver the Future Air Mission Training System (F-AMTS) under Project AIR5428 Phase 3.

Rhea-AI Summary

CAE (NYSE: CAE) secured a CAD 270M+ contract with the Commonwealth of Australia to deliver the Future Air Mission Training System (F-AMTS) under Project AIR5428 Phase 3.

The long-term agreement covers an initial 10-year performance period and will deliver an integrated synthetic training system to RAAF Base East Sale combining courseware, ground and airborne synthetic elements. The program is due to produce first graduates in 2028 and is expected to create over 40 skilled jobs in Victoria.

Positive

• Contract value of more than CAD 270M
• 10-year initial performance period
• Delivery to RAAF Base East Sale in Victoria
• Expected >40 new skilled jobs in Victoria
• First students expected to graduate in 2028

Negative

• None.

Argus Dec 12 session

+5.44% close to close Open Argus

Details

News Market Reaction – CAE

In the Dec 12 session, CAE gained 5.44%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Market Context

The stock moved +5.4% in the session following this news. A strong positive reaction aligns with CAE...

Analysis

The stock moved +5.4% in the session following this news. A strong positive reaction aligns with CAE securing a long-term defense training contract valued at more than $270M CAD over 10 years. Historically, strategic agreements have sometimes produced mixed price follow-through, as seen with the Saab collaboration. Investors may weigh contract scale and visibility against execution risk and broader defense budget dynamics. Low recent volume and past divergences suggest that sustained gains could depend on how this win translates into margins and backlog quality.

Key Figures

Contract value: more than $270M CAD Contract term: 10-year performance period New jobs: over 40 new skilled jobs +1 more

Contract value

more than $270M CAD

Future Air Mission Training System (F-AMTS) for RAAF

Contract term

10-year performance period

Initial duration of F-AMTS agreement

New jobs

over 40 new skilled jobs

Roles within CAE in Victoria, Australia

First graduates

2028

First students expected to graduate from F-AMTS

Historical Context

5 past events · Latest: Dec 10

5 events

1. Dec 10

   Community initiative

   24h Move

   +1.4%

   Record $1.3M Centraide campaign supporting community initiatives.

2. Nov 20

   Strategic partnership

   24h Move

   -0.7%

   Global cooperation agreement with Saab for AEW&C training platforms.

3. Nov 11

   Earnings results

   24h Move

   +0.7%

   Q2 FY2026 results with revenue and income growth versus prior year.

4. Oct 31

   Earnings advisory

   24h Move

   +1.9%

   Announcement of timing and logistics for Q2 FY2026 earnings call.

5. Oct 31

   Correction notice

   24h Move

   +1.9%

   Correction detailing schedule and access for upcoming earnings call.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

electronic warfare

1 terms

electronic warfare technical

"Weapon Systems Officers, and Electronic Warfare Officers."

Electronic warfare involves using technology to disrupt, deceive, or disable an opponent’s electronic systems, such as communication networks, radar, or navigation signals. It is like jamming or scrambling a radio or GPS to prevent others from receiving clear information. For investors, it matters because advances in electronic warfare can impact military capabilities, influence global security, and affect the stability of markets and technological investments.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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SYDNEY, Dec. 11, 2025 /PRNewswire/ - (NYSE: CAE) (TSX: CAE) - CAE today announced that it has secured a landmark contract with the Commonwealth of Australia to deliver the Future Air Mission Training System (F-AMTS) under Project AIR5428 Phase 3 for the Royal Australian Air Force (RAAF).

Valued at more than $270M CAD, this long-term agreement spans an initial 10-year performance period and represents a major step forward in advancing next-generation air mission training capabilities for the Australian Defence Force.

The F-AMTS represents a transformation in how the RAAF will train its mission aircrew. CAE will deliver, with leading key industry organizations such as Nova Systems, Adacel, DXC Technology, Milskil, MMCLD, Airflite, and Seeing Machines, a modern, integrated training system. This system combines an advanced learning environment, courseware, and synthetic ground, and airborne training elements to replicate real-world operational complexity.

The training system will be delivered to RAAF Base East Sale in Victoria, in partnership with the Commonwealth of Australia, supporting the development of critical roles including Airborne Electronics Analysts, Operations Officers, Air Mobility Officers, Air Traffic Controllers, Air Battle Managers, Maritime Patrol and Response Officers, Weapon Systems Officers, and Electronic Warfare Officers. The F-AMTS offers students an engaging and seamless learning experience, and provides post-graduate instructor training that equip them with powerful tools to teach more effectively.

"Achieving mission readiness for today's rapidly evolving defence and security landscape requires a training partner who deeply understands the complexity and challenges faced in operations," explained France Hébert, President Defense & Security – Canada and International. "CAE is proud to deliver a future-ready training system that combines innovation, technical advantage, and trusted partnerships to help the Australian Defence Force to raise, train, and sustain skilled personnel. This is more than a shift in how training is delivered - it is a strategic investment in Australia's national resilience and defence capability. By delivering a world-class, scalable, and cost-effective training solution, CAE will equip aviators with the skills, confidence, and agility to meet operational demands effectively."

This contract builds on CAE's longstanding partnership with the RAAF, which began in 1994 and has since trained generations of Australian military aircrew. The Future Air Mission Training System is expected to initially generate over 40 new skilled jobs within CAE in Victoria, Australia, with the first students expected to graduate in 2028.

About CAE
At CAE, we exist to make the world safer. We deliver cutting-edge training, simulation, and critical operations solutions to prepare aviation professionals and defence forces for the moments that matter. Every day, we empower pilots, cabin crew, maintenance technicians, airlines, business aviation operators, and defence and security personnel to perform at their best and when the stakes are the highest. Around the globe, we're everywhere customers need us to be with approximately 13,000 employees at around 240 sites and training locations in over 40 countries. For nearly 80 years, CAE has been at the forefront of innovation, consistently seeking to set the standard by delivering excellence in high-fidelity flight simulators and training solutions, while embedding sustainability at the heart of everything we do. By harnessing technology and enhancing human performance, we strive to be the trusted partner in advancing safety and mission readiness—today and tomorrow.

Read our FY25 Global Annual Activity and Sustainability Report.

Follow us on X: @CAE_Defence
Facebook: www.facebook.com/cae.inc
LinkedIn: https://www.linkedin.com/company/cae-ipac 
Hashtags: #CAE

CAE Contacts:

General Media:
Samantha Golinski, Senior Vice President, Communications
+1-438-805-5856, samantha.golinski@cae.com 

Investor Relations:
Andrew Arnovitz, Senior Vice President, Investor Relations
+1-514-734-5760, andrew.arnovitz@cae.com

Trade Media:
Jessica Shergill, Director, Marketing Operations
+1-514-341-2000, jessica.shergill@cae.com 

View original content:https://www.prnewswire.com/news-releases/cae-awarded-contract-to-deliver-australias-future-air-mission-training-system-302639756.html

SOURCE CAE Inc.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the value and term of CAE's F-AMTS contract (CAE)?

The contract is valued at more than CAD 270M and spans an initial 10-year performance period.

Which facility will CAE deliver the F-AMTS for the RAAF (CAE)?

CAE will deliver the training system to RAAF Base East Sale in Victoria.

When are the first students expected to graduate from CAE's F-AMTS program (CAE)?

The first students are expected to graduate in 2028.

How many jobs will CAE's F-AMTS contract create in Victoria (CAE)?

The program is expected to initially generate over 40 new skilled jobs within CAE in Victoria.

Which roles will the F-AMTS program train for the RAAF (CAE)?

Training will support roles including Airborne Electronics Analysts, Operations Officers, Air Mobility Officers, Air Traffic Controllers, Air Battle Managers, Maritime Patrol and Response Officers, Weapon Systems Officers, and Electronic Warfare Officers.

Who are CAE's listed industry partners on the F-AMTS contract (CAE)?

Named partners include Nova Systems, Adacel, DXC Technology, Milskil, MMCLD, Airflite, and Seeing Machines.