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CAE Inc T.CAE

Alternate Symbol(s):  CAE

CAE Inc. is a technology company. It operates in two segments: Civil Aviation and Defense and Security. The Civil Aviation training segment provides comprehensive training solutions for flight, cabin, maintenance and ground personnel in commercial, business and helicopter aviation, a complete range of flight simulation training devices, ab initio pilot training and crew sourcing services, as well as aircraft flight operations solutions. It manages approximately 324 full-flight simulators. Its training systems includes CAE Real-time Insights and Standardized Evaluations (CAE Rise), which improves training through the integration of untapped flight and simulator data-driven insights into training. The Defense and Security segment provides platform-independent training and simulation solutions, preparing global defense and security forces for the mission ahead. In addition to solutions delivered to customer sites, it provides comprehensive training at its CAE global training centers.


TSX:CAE - Post by User

Bullboard Posts
Post by mark5698on Jun 03, 2003 2:33pm
199 Views
Post# 6139126

U.S. Navy destroyer contract

U.S. Navy destroyer contractNews from Canada NewsWire CAE to provide automation systems for U.S. Navy's next-generation destroyer-DD(X) 14:30 EDT Tuesday, June 03, 2003 - Contracts valued at C$30-40 million LEESBURG, Virginia, June 3 /CNW Telbec/ - (NYSE: CGT; TSX: CAE) - CAE has been selected to provide its integrated platform management system for the U.S. Navy's DD(X) program. The three contracts, consisting of the engineering control system, the autonomic fire suppression system, and the damage decision assessment system, are valued at C$30-40 million. "The technology being developed for the DD(X) has the capacity to automate nearly all engineering functions in the first major surface combatant of the 21st century," stated Joe Lee Frank, president, CAE USA, Marine Systems. "We are proud to provide our technical expertise for the work on the engineering development models for these important contracts." CAE is a leading provider of integrated training solutions and advanced simulation and controls technologies to marine, civil aviation and military customers. The company generates annual revenues in excess of C$1 billion and employs more than 6,000 people in Canada, the United States and around the globe.
Bullboard Posts