Germany looks to procure six C-130J Super Hercules airlifters worth approximately $966 million from Lockheed Martin (NYSE: LMT) as part of a joint operating agreement with France, Reuters reported Friday. Andrea Shalal writes Germany aims to send a formal request to the U.S. government in 2019 to buy C-130Js in support of ...
TYSONS CORNER, VA, March 16, 2017 ” The defense and security business of CAE (NYSE: CAE) has moved to expand its operations in the United Arab Emirates with the addition of offices in Abu Dhabi, ExecutiveBiz reported Wednesday. The company said Monday the new location will house both CAE and CAE Maritime Middle East employee...
TYSONS CORNER, VA, March 8, 2017 ” CAE (NYSE: CAE) has officially opened its new training facility for U.S. Army and U.S. Air Force fixed-wing pilots at the Dothan Regional Airport in Alabama, ExecutiveBiz reported Tuesday. The company said Monday the Dothan Training Center will work to support the initial-entry flight train...
TYSONS CORNER, VA, March 2, 2017 ” CAE (NYSE: CAE) will provide support for Australia’s Hawk Mk127 trainer aircraft under a contract from the Australian defense ministry’s capability acquisition and sustainment group, ExecutiveBiz reported Wednesday. The company said Wednesday the contract covers the deployment of&nbs...
TYSONS CORNER, VA, Feb. 28, 2017 ” The aeronautical systems business of General Atomics will work with industry partners Raytheon (NYSE: RTN), CAE (NYSE: CAE), Cobham and Flight Data Systems to support the Australian military’s Project Air 7003, ExecutiveBiz reported Monday. General Atomics said Tuesday the team aims t...
Executive Mosaic’s GovCon Index closed at an all-time record high Monday with large aerospace-and-defense primes the main contributors to gains after President Donald Trump unveiled his proposal to raise military spending 9 percent for the next federal fiscal year. U.S. stocks also posted small gains as the benchmark S&P 500 composite...
Executive Mosaic’s GovCon Index closed higher Friday to end its fourth straight weekly gain as investors eyed defense stocks after President Donald Trump repeated his election campaign pledge to build up the military during a speech in Washington. U.S. equities also posted narrow gains and the benchmark S&P 500 composite index ended the we...
TYSONS CORNER, VA, Feb. 23, 2017 ” CAE (NYSE: CAE) has received authorization to connect its aircrew flight trainer for the KC-135 Stratotanker with other platforms in the U.S. Air Force‘s Distributed Training Center Network, ExecutiveBiz reported Wednesday. The company said Tuesday the authority to operate for the KC-...
Executive Mosaic’s GovCon Index crawled to a fifth straight record close Friday to extend its current stretch of weekly gains to three and record a five-day advance of 2.72 percent . The U.S. stock benchmark S&P 500 also inched to a record close for a weekly gain of more than 1 percent despite investor uncertainty over ...
Ian Bell, formerly head of the Europe/Middle East/Africa region at CAE (NYSE: CAE), has been named vice president and general manager for Asia-Pacific and the Middle East within the Montreal, Quebec-based company’s defense and security segment. CAE also appointed Marc-Olivier Sabourin, formerly regional operations director and d...
