CAE Gets $14 Million Navy Options

CAE Inc., a Montreal-based maker of flight simulators, said on March 30 that its U.S. unit got more than $14 million in contract options from the U.S. Navy to make or upgrade helicopter simulators. The company said the Navy exercised an option for the company to provide a fourth MH-60S helicopter simulator, with delivery in late 2007. The Navy also hired CAE to upgrade an operational flight trainer for the P-3C model by mid-2007. (Source: MSN Money)