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CAE Partners With Saab to Boost Canada's Airborne Early Warning and Control Based On The GlobalEye Platform

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CAE (CAE.TO, CAE) on Wednesday said it reached a teaming agreement with Saab to support Canada's Airborne Early Warning and Control (AEW&C) program based on the GlobalEye platform.

According to the statement, the agreement builds on the worldwide cooperation agreement signed between CAE and Saab last year, which positions CAE as Saab's preferred partner for training and simulation solutions across its AEW&C platforms.

As part of this collaboration, CAE will support the development of Canada's future AEW&C capability through its expertise in flight training, mission and rear crew training, enabling fully integrated training solutions. The partnership is designed to strengthen mission effectiveness and operational readiness for the Canadian Armed Forces.

"CAE's world-class defence expertise will be critical to enabling a high-performance AEW&C capability for Canada," said chief executive Matthew Bromberg. "Building on our longstanding collaboration and trust with Saab, this agreement reflects our shared commitment to delivering innovative, integrated solutions that strengthen operational performance and support Canada's defence priorities."

The partnership also includes exploring broader areas of collaboration through mission system support, advanced training, Live, Virtual and Constructive integration and simulation solutions for the Canadian program.

"GlobalEye delivers cutting-edge multi-domain surveillance, offering long-range detection and advanced situational awareness across air, maritime, and land domains. We value the opportunity to further strengthen our partnership with CAE and to collaborate on the Canadian program, which will also serve as a stepping-stone for future opportunities," said Micael Johansson, CEO of Saab.

CAE shares were up $1.33 at last look to $34.17 on Toronto Stock Exchange on Wednesday.

Price: $34.18, Change: $+1.34, Percent Change: +4.08%

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