CAE will invest C$1 billion over the next five years in innovation, including funding Project Digital Intelligence, a digital transformation project to develop the next generation training solutions for aviation, defence & security and healthcare.
The company’s investment will be in partnership with the Government of Canada and the Government of Québec, which will provide a combined investment of close to C$200 million over the next five years, with Canada investing C$150 million and Quebec providing C$47.5 million. The announcement was made in the presence of Canadian Prime Minister Justin Trudeau, Premier of Québec Philippe Couillard, as well as CAE executives and employees.
“As a powerhouse of innovation, CAE has been at the forefront of the training industry, including digital technology, for years. This strategic investment will take our company to the next level,” said Marc Parent, President and Chief Executive Officer of CAE. “By seizing new technologies such as artificial intelligence, big data, or augmented reality, as well as many others, and applying them to the science of learning, we will revolutionize the training experience of pilots, aircrews and healthcare professionals, as well as improve safety.”
Project Digital Intelligence will transform CAE’s products and services to leverage digital technologies, ranging from big data to artificial intelligence, cloud-computing, cybersecurity and augmented/virtual reality. The project includes three major activity areas: advanced digital technology development, digital transformation of the training and user experience, as well as CAE innovation and collaboration facilities.
As part of the project, CAE will develop an innovation campus in its Montréal site by transforming its workspaces, laboratories and processes to allow for greater innovation and collaboration. It will also collaborate and codevelop technology solutions with small and medium companies from across Canada and will qualify more than 150 new innovative suppliers across the country. CAE will work with over 50 stories-secondary institutions and research centres as well.
CAE, a leader in training for the civil aviation, defence and security, and healthcare markets, provides virtual-to-live training solutions to make flying safer, maintain defence force readiness and enhance patient safety. The company has over 9,000 employees, 160 sites and training locations in over 35 countries.
AirAsia Cambodia has announced its readiness to commence operations with flights to three domestic destinations: Phnom Penh, Siem Reap, and…
IAE International Aero Engines AG (IAE) consortium, consisting of Pratt & Whitney, Pratt & Whitney Aero Engines International GmbH, Japanese…
Israel Aerospace Industries (IAI) and the Czech Ministry of Defence (MoD) have recently inked a contract aimed at ensuring the…
Vietnam Airlines will introduce the Airbus A350 from New Delhi to Vietnam from May. This marks the official launch of…
Collins Aerospace recently delivered the first seating shipment from its Tanauan City, Philippines facility to Airbus. The delivery of the…
Lockheed Martin has extended its collaboration agreement with Navantia, Spain’s defense and shipbuilding company and naval Combat System Integration agent.…
The U.S. Army recently successfully demonstrated Lockheed Martin’s next-generation Extended-Range GMLRS (ER GMLRS) against a target set at White Sands…
SalamAir, Oman's first low-cost carrier, inaugurated its latest office in Baghdad on March 9th, 2024, marking the airline's expansion in…
Cyberani, a subsidiary of Saudi Aramco in the national cybersecurity sector, signed a partnership with Thales to address the cybersecurity…
Ada-class corvette manufactured by the Turkish defence company Savunma Teknolojieri Muhendislik (STM), appeared to have won the bid for Malaysia’s…
Naval Group has been chosen by The Netherlands Ministry of Defence to spearhead the Replacement Netherlands Submarine Capability project with…
Air Astana anticipates a prosperous 2024, with robust growth in passenger numbers and capacity amidst sustained demand for air travel.…
The Airbus-built EUTELSAT 36D geostationary telecommunications satellite has been shipped from Toulouse, France to Sanford, Florida, on board an Airbus…
SAMI-AEC concluded its successful participation at LEAP 2024, a global technology event held at the Riyadh Exhibition and Convention Center…
Embraer Defense & Security and ST Engineering announced a collaborative agreement on Thursday (Mar. 14). The agreement is aimed at…
Israel Aerospace Industries (IAI) achieved record-breaking sales of about USD 5,327 million in 2023, with its order backlog soaring to…
Orbit Communications Systems Inc., a global provider of maritime and airborne SATCOM terminals, tracking ground station solutions, and mission-critical airborne…
Dynamatic Technologies Limited announced a new partnership with Deutsche Aircraft, a German original equipment manufacturer (OEM) headquartered in Munich, Germany…
The Spanish government has awarded Rheinmetall a contract worth approximately €208 million to supply 94,200 155mm rounds. Rheinmetall is scheduled…
Singapore's SIA Engineering Company Limited (SIAEC) announced the expansion of the scope of its Services Agreement with Scoot to include…
dnata, a global air and travel services provider, has achieved accreditation from the International Air Transport Association (IATA) for its…
Embraer-X and Greentown Labs are partnering to mobilize climate solutions and accelerate the future of sustainable aviation. The announcement was…
Italian defence major Leonardo's Industrial Plan 2024-2028 envisages the transformation of the Group's business model from defence to security with…
Fincantieri and the Qatar Emiri Naval Forces (QENF) signed a Memorandum of Understanding (MoU) at the recently concluded-DIMDEX 2024 to…
AirAsia Malaysia has announced the resumption of services from Kuala Lumpur to Pattaya, Thailand, starting from June 17, 2024, with…
Indonesia’s Directorate General of Civil Aviation, Ministry of Transportation (Kemenhub), has awarded BBN Airlines Indonesia an additional Air Operation Certificate…
Akaer has been chosen by German aircraft manufacturer Deutsche Aircraft to produce the forward fuselage of the D328eco, a sustainable…
Terma has announced the successful installation of five SCANTER 5602 Enhanced Surface Movement Radars (eSMR) at Doha airports. Comprising four…
India on Monday successfully carried out the first flight test of intercontinental ballistic missile Agni-5 with Multiple Independently Targetable Re-entry…
Oman's low-cost airline, SalamAir has announced the revival of two sought-after summer destinations, Baku in Azerbaijan and Almaty in Kazakhstan,…
Headquartered in Singapore with reporters spread across all major regions, GBP Aerospace & Defence is a leading media house that publishes three publications that serve the aerospace and defence sector - Asian Defence Technology, Asian Airlines & Aerospace and Daily News. Known industry-wide for quality journalism, GBP Aerospace & Defence is present at more international tradeshows and exhibitions than any other competing publication in the region.
For over three decades, our award-winning team of reporters has been producing top-notch content to help readers stay abreast of the latest developements in the field of commercial aviation, MRO, defence, and Space.
Copyright 2024. GBP. All Rights Reserved.
Home Defence & Security Space Commercial Aviation Maintence Repair & Overhaul Daily News Events About Us
2024 GBP all rights reserved.