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 post-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.