CAE Records Approx $138M in Q1 FY 2018 Defense Contracts; Gene Colabatistto Comments

Gene Colabatistto

TYSONS CORNER, VA, July 20, 2017 — CAE (NYSE: CAE) received contracts worth an estimated $138.5 million combined in the first quarter of its 2018 fiscal year for aircraft simulation products, training services and in-service support, GovCon Wire reported Tuesday.

“These orders augment the long-term, recurring revenue profile of our defense business,” Gene Colabatistto, president of CAE’s defense and security group and 2015 inductee into Executive Mosaic’s Wash100, said in a company statement issued Tuesday.

The captures cover:

  • Delivery of KC-130J/C-130J fuselage trainers to the U.S. Marine Corps and Air Force Special Operations Command under a Lockheed Martin (NYSE: LMT) contract
  • CF-18 in-service support to Canada’s air force under an award from L3 Technologies‘ (NYSE: LLL) L-3 MAS subsidiary
  • C295W fixed-wing search-and-rescue training program support to the Canadian air force under a deal with Airbus

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David Smith
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