CAE Inc. Wins $300M U.S. Air Force Training Contract Despite Procurement Ban
- Reports
- 5
- Developments
- 1
- Repetition
- 80%
New informationRepeats or wire copies
What happened
CAE Inc. secured a $300 million contract with the U.S. Air Force to continue training crews. This deal extends CAE Inc.'s role as the main contractor schooling U.S. aircrews on the C-130 Hercules military transport plane. The contract was awarded despite a decree from U.S. President Donald Trump that banned the federal government from procuring Canadian items.
Why it matters
The contract, which covers training through 2035, was granted to CAE Inc.'s American defense division. The presidential order bans the federal government from procuring Canadian items. It remains unclear whether the presidential order applies to services or only to goods, or if it covers Canadian companies with U.S. subsidiaries.
From bnnbloomberg.ca
Who's involved
- CAE Inc.Canadian flight simulator maker that secured the $300 million U.S. Air Force training contract.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- BoeingSpeculative
Boeing might see changes in its competitive position due to CAE Inc. securing a major U.S. defense contract.
- BAE SystemsSpeculative
BAE Systems could see changes in its competitive position due to CAE Inc. securing a major U.S. defense contract.
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The entities involved
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CAE Inc.
Canadian company