CONTENT PREVIEW
Industry

CAE reports record order backlog in defence business

14 November 2018

Canadian modelling, simulation, and training services provider CAE has reported an 18% increase in revenues in its defence business year on year for the second quarter of fiscal year 2019, with the total defence backlog sitting at a record CAD4.4 billion (USD3.3 billion).

Second quarter defence revenues totalled CAD320.3 million, while orders amounted to CAD380.2 million, and the record amount on backlog represented a 19% year-on-year increase.

Wins in the defence division in the quarter included a contract for the provision of the company’s new 700MR series flight training device for the Royal New Zealand Air Force’s NH90 rotorcraft, as well as for C-130H aircrew training services and additional C-130J simulators for the US Air Force (USAF).

Want to read more? For analysis on this article and access to all our insight content, please enquire about our subscription options at ihsmarkit.com/janes





(141 of 364 words)
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT