CAE Signs 25-Year Sub-contract Valued At $1.7B From SkyAlyne To Provide Royal Canadian Air Force With Modern, State-of-the-art Pilot Training
Portfolio Pulse from Benzinga Newsdesk
CAE has secured a 25-year subcontract worth $1.7 billion from SkyAlyne to provide pilot training for the Royal Canadian Air Force. This contract will enhance CAE's operations at 15 Wing Moose Jaw and may lead to further orders for sustainment services.
October 01, 2024 | 9:02 pm
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CAE has signed a significant 25-year subcontract valued at $1.7 billion with SkyAlyne to provide pilot training for the Royal Canadian Air Force. This contract will strengthen CAE's presence at 15 Wing Moose Jaw and could lead to additional orders.
The $1.7 billion contract is a substantial addition to CAE's revenue stream and solidifies its role in the Future Air Crew Training program. The potential for follow-on orders further enhances the positive outlook for CAE.
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