CAE's SkyAlyne Joint Venture Awarded A 25-Year Contract For Canada's Future Aircrew Training Program Worth CDN$11.2 Billion
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CAE's SkyAlyne joint venture has been awarded a 25-year contract worth CDN$11.2 billion for Canada's Future Aircrew Training (FAcT) Program. This contract is a significant achievement for CAE and will support the modernization of Canada's defence forces.
May 29, 2024 | 6:05 pm
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CAE's SkyAlyne joint venture has secured a 25-year, CDN$11.2 billion contract for Canada's Future Aircrew Training Program, marking a significant milestone in the company's defence sector operations.
The 25-year contract worth CDN$11.2 billion is a substantial addition to CAE's revenue stream and solidifies its position in the defence training sector. This long-term contract will likely boost investor confidence and positively impact CAE's stock price in the short term.
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