CGI To Lead The Development Of A Cloud-Based Universal Virtual Flight Data Recorder
Portfolio Pulse from Benzinga Newsdesk
CGI (NYSE:GIB) has been awarded a contract under the European Space Agency's 4S programme to lead the development of a cloud-based Universal Virtual Flight Data Recorder (UVFDR). The system will replicate the function of a traditional flight data recorder in a virtual environment, allowing immediate access to data in case of emergencies.
June 15, 2023 | 11:08 am
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CGI has been awarded a contract to develop a cloud-based Universal Virtual Flight Data Recorder, potentially increasing its market presence in the aviation industry.
CGI has been awarded a significant contract under the European Space Agency's 4S programme, which will likely increase its market presence in the aviation industry. The development of the UVFDR system could lead to more contracts and partnerships in the future, positively impacting CGI's stock price in the short term.
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