CAE - CAE's SkyAlyne joint venture awarded C$11.2-billion 25-year contract for Canada's Future Aircrew Training Program | Benzinga
MONTREAL, May 29, 2024 /PRNewswire/ - (NYSE: CAE) (TSX:CAE) – CAE announced that its SkyAlyne joint venture was today awarded a C$11.2-billion, 25-year contract for Canada's Future Aircrew Training (FAcT) Program.
"CAE has proudly worked alongside the Royal Canadian Air Force (RCAF) for more than 75 years to design and deliver training, services, and technologies that support the mission readiness of Canada's aviators," said Marc Parent, CAE's President and Chief Executive Officer. "Today's announcement regarding the Future Aircrew Training Program is a significant achievement in the ongoing modernization efforts of Canada's defence forces. FAcT is a transformational win for SkyAlyne and CAE, laying the groundwork for training technologies and processes enabling mission readiness. As an industry leader in civil and defence simulation training and critical operations, CAE is proud to be part of the future of aircrew training to Canada."
This transformative initiative reimagines training for the RCAF, consolidating three aircrew training operations under SkyAlyne and Canada's joint management. SkyAlyne, a partnership with KF Aerospace of Kelowna, BC, was selected in July 2023 as the preferred bidder for FAcT after a rigorous process.
The FAcT Program is a significant step forward to prepare Canadian military Pilots, Air Combat Systems Officers, ...