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 &...
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 (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...
CAE (NYSE: CAE) has agreed to sell its health care business unit to Chicago-based Madison Industries for approximately $226.3 million as the Canadian aerospace and defense company seeks to focus on its core training and simulation markets. Both companies expect to close the transaction before the end of fiscal year 2024, subject to closing condition...
Andy Windon, a more than two-decade defense industry veteran, has joined aerospace technology manufacturer CAE as vice president of engineering and technology within its defense and security business, according to a LinkedIn post. Windon spent over a decade at Raytheon, now an RTX (NYSE: RTX) business, where he most recently served as principal engi...
Aerospace and defense companies CAE and Leonardo were tapped by the Canadian government to enhance its fleet of CH-149 Cormorant search and rescue helicopters and provide flight simulators under two contracts worth up to $911 million combined. The Cormorant Mid-Life Upgrade program will require Leonardo to modernize the aircraft into its most advanc...
The U.S. Air Force has awarded 92 companies positions on a potential 10-year, $900 million contract to come up with innovative approaches to advance the development of multidomain systems. The Air Force Life Cycle Management at Wright Patterson Air Force Base in Ohio is the contracting activity and received 94 proposals for the indefinite-delivery/i...
Lloyd Austin, secretary of the Department of Defense and a 2022 Wash100 Award winner, and other DOD leaders hosted the Defense Innovation Board’s meeting on Monday and joined DIB Chair Michael Bloomberg in welcoming the seven newly named board members. Established in 2016, DIB provides department leaders with independent expert advice on how DOD c...
Boeing (NYSE: BA) has expanded a partnership with Montreal-based aerospace technology manufacturer CAE (NYSE: CAE) to pursue new teaming opportunities and potential joint offerings for the military aviation sector. CAE said the two companies are looking to grow international supplier networks through a memorandum of understanding with the intent to ...
Marc Parent CAE (NYSE: CAE) has introduced its new logo and brand identity as the company strengthens its mission of equipping individuals with technology platforms and expertise to prepare them for critical roles. “Our new logo reflects our heritage, this evolution, and our bold vision for the future, which involves us leaning even deeper int...
