CAE acquires Alpha-Omega Change Engineering (AOCE)
August 01 2018 - 5:00AM
(NYSE: CAE; TSX: CAE) – CAE today announced that CAE USA Mission
Solutions Inc., a subsidiary of CAE USA, has acquired Alpha-Omega
Change Engineering (AOCE) for approximately US$29 million,
excluding post-closing adjustments.
The acquisition will enhance CAE USA’s core capabilities as a
training systems integrator (TSI), grow CAE’s position on enduring
platforms such as fighter aircraft, and expand the ability for CAE
USA to pursue higher-level security programs in the United
States.
AOCE, based in Williamsburg, Virginia, provides a range of
aircrew training services, operational test and evaluation, and
engineering support services to the U.S. Department of Defense and
U.S. intelligence services.
“This acquisition aligns directly with CAE’s strategic
priorities to grow and expand our capabilities in the world’s
largest defense market,” said Marc Parent, CAE’s President and
Chief Executive Officer.
“AOCE brings existing contracts as well as past performance in
unmanned systems, aircrew training and courseware development for
fighter and special operations aircraft, and space and missile
defense,” said Ray Duquette, President and General Manager, CAE
USA. “This will significantly enhance CAE USA’s training systems
integration capabilities and allow us to address broader market
opportunities in the United States.”
AOCE was founded in 1997, employs approximately 600 people, and
has been a successful, rapidly growing business focused on
providing training, engineering and consulting services. The
company is currently the prime contractor on a range of programs
for the U.S. Department of Defense, including: Maintenance and
Aircrew Training at Kirtland/Davis-Monthan/Joint Base Andrews/Moody
(KDAM) in support of the Air Force Special Operations Command
Aircrew Training and Rehearsal Support (ATARS) program; U.S. Army
Space & Missile Defense Command indefinite delivery/indefinite
quantity contract to provide engineering and operational support
services; and U.S. Air Force contract aircrew training and
courseware development for F-15, F-16, and F-22 aircrews.
“CAE is a recognized global leader in training and we have
first-hand knowledge of the type of company CAE is through the
excellent working relationship we developed on programs such as the
U.S. Air Force MQ-9 Reaper remotely piloted aircraft aircrew
training,” said Jim Hartney, AOCE’s Chairman of the Board. “This
acquisition and being part of CAE will open new growth
opportunities for AOCE and our employees.”
CAE USA also announced it has established CAE USA Mission
Solutions Inc, a subsidiary of CAE USA which operates under a Proxy
Agreement with the United States government. The Proxy Agreement
enables Mission Solutions to pursue and execute higher-level
security programs.
About CAE
CAE’s Defense & Security business unit focuses on helping
prepare our customers to develop and maintain the highest levels of
mission readiness. We are a world-class training systems integrator
offering a comprehensive portfolio of training centers, training
services and simulation products across the air, land, sea and
public safety market segments. We serve our global defense and
security customers through regional operations in the United
States/Latin America; Canada; Europe/Africa; and
Asia-Pacific/Middle East, all of which leverage the full breadth of
CAE’s capabilities, technologies and solutions.
CAE is a global leader in training for the civil aviation,
defense and security, and healthcare markets. Backed by a 70-year
record of industry firsts, we continue to help define global
training standards with our innovative virtual-to-live training
solutions to make flying safer, maintain defense force readiness
and enhance patient safety. We have the broadest global presence in
the industry, with over 8,500 employees, 160 sites and training
locations in over 35 countries. Each year, we train more than
120,000 civil and defense crewmembers and thousands of healthcare
professionals worldwide. www.cae.com
Follow us on Twitter @CAE_Inc and @CAE_Defence
CAE contacts:
Hélène V. Gagnon, Vice President, Public Affairs and Global
Communications,+1-514-340-5536, helene.v.gagnon@cae.com
Trade media: Chris Stellwag, Director,
Marketing Communications – Defense and Security, +1-813-887-1242,
chris.stellwag@cae.com
Investor relations: Andrew Arnovitz, Vice
President, Strategy and Investor Relations,+1-514-734-5760,
andrew.arnovitz@cae.com
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