Hello, Guest!
  • Friday, November 15, 2024

CAE Breaks Ground on New US HQ in Florida; Ray Duquette Quoted


Jeff Brody
Ray Duquette

CAE (NYSE: CAE) has begun building a facility at Florida’s Tampa International Airport to serve as the future  headquarters of the Canadian defense firm’s U.S. subsidiary.

CAE USA plans to house more than 600 employees at the new facility, which the aviation training provider will lease from Space Florida, and expects construction work to be completed in 2022, CAE said Friday.

The company added it looks to add 100 positions in the program management, training, engineering and corporate areas.

Ray Duquette, president and general manager at CAE USA, said the business has operated in the Tampa Bay  area over the past four decades and aims to attract professionals who can help develop training platforms for the defense sector.

Florida Gov. Ron DeSantis; Tampa Mayor Jane Castor; and Rep. Kathy Castor, D-Fla., were among the attendees at the groundbreaking ceremony held Friday.

Video of the Day

Related Articles

Srini Dixit Appointed CAE Defense & Security CFO Executive Moves

Srini Dixit Appointed CAE Defense & Security CFO

Srini Dixit was named chief financial officer of CAE‘s defense and security business, joining the Arlington, Texas-located aviation services company from RTX‘s (NYSE: RTX) Raytheon subsidiary where he previously worked as vice president and CFO of its air power strategic business unit. He announced his appointment to the CAE Defense & Security executive leadership team

Boeing to Produce 17 P-8A Poseidon Aircraft Under $3.4B Navy Contract Contract Awards

Boeing to Produce 17 P-8A Poseidon Aircraft Under $3.4B Navy Contract

Boeing (NYSE: BA) has received a potential $3.4 billion contract from the U.S. Navy to produce 17 P-8A Poseidon aircraft for Canada and Germany. The company said Thursday it will manufacture 14 Poseidon planes for Canada’s air force and three units for the German navy. “The Poseidon is a proven aircraft, with more than 600,000

CAE Divests Health Care Business to Focus on Core Markets M&A Activity

CAE Divests Health Care Business to Focus on Core Markets

CAE (NYSE: CAE) has sold its health care business unit to Madison Industries for approximately $230.2 million as part of efforts to advance its focus on the training, simulation and aviation software markets. The Canadian aerospace and defense company said Friday the transaction initially announced in October 2023 is subject to customary adjustments and proceeds