CAE identified as strategic partner by the Government of Canada for the Future Fighter Lead-in Training program
Rhea-AI Summary
CAE has been selected as a strategic partner by the Government of Canada for the Future Fighter Lead-in Training (FFLIT) program, which will prepare pilots to operate Canada's CF-35A fighters. The program aims to provide advanced training with cutting-edge technology for the Royal Canadian Air Force (RCAF).
This partnership follows CAE's recent achievements, including a C$11.2 billion, 25-year contract for Canada's Future Aircrew Training Program through SkyAlyne (CAE's joint venture with KF Aerospace) in May 2024, and a subsequent $1.7 billion sub-contract signed in October 2024 for RCAF pilot training.
As one of Canada's largest defence contractors, CAE brings extensive experience in delivering defence capabilities, including NATO Flying Training in Canada. The company operates across 240 sites in 40 countries, supporting over 70 different platforms.
Positive
- Secured strategic partnership for FFLIT program with Canadian Government
- Recently awarded C$11.2B contract for Future Aircrew Training Program
- Obtained $1.7B sub-contract for RCAF pilot training
- Position as one of Canada's largest defence contractors strengthened
Negative
- None.
News Market Reaction 1 Alert
On the day this news was published, CAE declined 1.01%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
- Future Fighter Lead-in Training program (FFLIT) to support the next generation of Royal Canadian Air Force fighter pilot training
Leveraging CAE's extensive expertise and experience, this partnership will help streamline discussions and enable the acceleration of initial operational capability of the state-of-the-art FFLIT program. Additionally, the FFLIT program will support the long-term success of
"We are honoured to be entrusted by the Government of
"We are proud to have been identified as a strategic partner and look forward to building on our long-standing relationship with the Government of
"Today's announcement highlights
As one of
In May 2024, CAE announced that SkyAlyne, its joint venture with KF Aerospace, was awarded a
CAE is proud to continue its legacy of world-class expertise in civil aviation and military training. With a network of 240 sites, in 40 countries, and over 70 different platforms across domains, CAE is best placed to assist
About CAE
At CAE, we equip people in critical roles with the expertise and solutions to create a safer world. As a technology company, we digitalize the physical world, deploying software-based simulation training and critical operations support solutions. Above all else, we empower pilots, cabin crew, maintenance technicians, airlines, business aviation operators, and defence and security forces to perform at their best every day and when the stakes are the highest. Around the globe, we're everywhere customers need us to be with approximately 13,000 employees in more than 240 sites and training locations in over 40 countries. CAE represents more than 75 years of industry firsts—the highest-fidelity flight and mission simulators as well as training programs powered by digital technologies. We embed sustainability in everything we do. Today and tomorrow, we'll make sure our customers are ready for the moments that matter.
Read our FY24 Global Annual Activity and Sustainability Report.
Follow us on X/Twitter: @CAE_Inc
Facebook: www.facebook.com/cae.inc
LinkedIn: www.linkedin.com/company/cae
Hashtags: #CAE; #CAEpilot
CAE Contacts:
General Media:
Samantha Golinski, Vice President, Public Affairs & Global Communications
+1-438-805-5856, samantha.golinski@cae.com
Investor Relations:
Andrew Arnovitz, Senior Vice President, Investor Relations and Enterprise Risk Management,
+1-514-734-5760, andrew.arnovitz@cae.com
View original content:https://www.prnewswire.com/news-releases/cae-identified-as-strategic-partner-by-the-government-of-canada-for-the-future-fighter-lead-in-training-program-302374858.html
SOURCE CAE Inc.