LM, CAE Establish Canadian Training Alliance For The F-35 Lightning II
On the first day of the 2013 Paris Air Show, a new alliance between Lockheed Martin [NYSE: LMT] and CAE [TSX and NYSE: CAE] was announced when officials from both companies signed a Memorandum of Understanding (MOU) for F-35 Lightning II training system support and services in Canada. CAE is a global leader in modeling, simulation and training for civil aviation and defence.
“Canadian industry has played an integral part in the development and production of the F-35 for more than a decade,” said Steve O’Bryan, vice president of F-35 Program Integration and Business Development. “Canada’s industrial contribution to this program has truly just begun. The new alliance we established today is indicative of the long-term role Canadian industry will hold in the global sustainment of the F-35 fleet for the next 30 years and beyond, and directly supports the evolution of training systems, one of the key industrial capabilities recently promoted by the Government of Canada.”
Global Military Training and Simulation (T&S) Market Assessment
During a ceremony held at the Canadian Pavilion at the Paris Air Show, O’Bryan and Gene Colabatistto, group president, Defence and Security at CAE, signed the MOU that identifies Quebec-based CAE as a preferred provider of in-country F-35 training support, training system integration, operations and maintenance.
“CAE and Lockheed Martin have a longstanding and successful relationship on other platforms such as the C-130, and we look forward to extending our collaboration should the Government of Canada select the F-35,” Colabatistto said. “Simulation-based training continues to grow in importance for defence forces as a cost-effective means of ensuring mission readiness, and CAE is focused on ensuring that the Royal Canadian Air Force has the world-class training services it needs to achieve targeted mission readiness levels.”
Source : Lockheed Martin Corporation (NYSE: LMT)
Apr 15 - 16, 2015 - Oslo, Norway