CAE secures $11.2bn Royal Canadian Air Force contract amid rising geopolitical tensions driving military spending.

CAE CEO Marc Parent reports that rising geopolitical tensions are increasing military spending, leading governments to rely on private contractors for various services, including aircrew training and simulator provision. CAE's partnership with KF Aerospace secured an $11.2bn contract with the Royal Canadian Air Force for 25 years. This trend is beneficial for CAE, though critics argue that military budgets are increasingly allocated to contractors without adequate oversight of expenditures.

June 11, 2024
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