Astute Class Training Service News

FAST Training Services Ltd., equally owned by CAE and Alenia Marconi Systems (AMS), has agreed to the terms of an amendment increasing the value of its existing contract with the U.K. Ministry of Defence (MoD) by approximately C$445 million (£190 million) for the Astute Class Training Service (ACTS). The value to CAE of this amendment is C$222 million based on the guaranteed level of training requirements from the MoD. This does not include the value of the subcontracts received by CAE from FAST. In 2001, FAST was awarded a 30-year contract worth C$740 million to provide comprehensive training services to the Royal Navy to operate and maintain the first three Astute class nuclear submarines.