Marc Parent, chief executive officer of CAE, confirmed on 10 August that the training-systems integrator's efforts to build alternative revenue streams are increasingly focusing on naval opportunities. "Our capabilities go beyond air," Parent told analysts during the company's first-quarter earnings call. "The Canadian navy is upgrading its fleet over the coming years, and that will present opportunities; but we are also bidding equipment to other navies around the world."
CAE defence officials cite the company's deal to set up a comprehensive Naval Training Center (NTC) in the United Arab Emirates (UAE) as particularly promising. When opened in 2019, the centre is slated to include a range of combat information centre, bridge, and machinery control simulators; officials say the deal could be worth more than CAD450 million (USD351 million) over the life of the contract.
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