Textron Secures a $276.8M Contract to Supply T-54A Training Aircraft [Yahoo! Finance]
CAE Inc. Ordinary Shares (CAE)
Last cae inc. ordinary shares earnings: 2/7 08:23 am
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Source: Yahoo! Finance
The award has been provided by the Naval Air Systems Command, Patuxent River, MD. Valued at $276.8 million, the contract is projected to be completed by September 2026. The latest modification enables Textron to exercise options for the production and delivery of 26 T-54A trainer aircraft. Per the terms of the deal, TXT will also provide associated aircraft and engine spare parts and peculiar support equipment to aid the training of aviators and flight officers. The contract will serve the U.S. Navy, Marine Corps, and Coast Guard. The majority of the work related to this contract will be executed in Wichita, KS. In the modern era of warfare, factors like rapidly advancing technological development, competitive dynamics, increasing and unprecedented geopolitical threats and significantly enhanced defense budgets from varied nations, especially emerging ones in recent times, have been bolstering the growth prospects of the military training aircraft market. This must have prompt
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