* Contract to upgrade 2 C-5 Galaxy weapon system trainers
* Says deal could go up to $50 mln in next few years
Aug 31 Flight simulator and aviation training
company CAE USA (CAE.TO) (CAE.N) said it landed a $10 million
contract to upgrade two simulators for the United States Air
Force's C-5 Galaxy heavy lift aircraft.
Tampa, Florida-based unit of CAE Inc said the deal includes
options to upgrade the first two C-5 weapon system trainers as
well as additional device upgrades over time, which could take
the deal value to over $50 million.
Earlier in May, CAE Inc was awarded a C$90 million aircraft
maintenance training contract from Lockheed Martin (LMT.N) for
the Canadian Air Force's new fleet of 17 CC-130J Hercules
transport planes. [ID:nN17254545]
Shares of Montreal-based CAE Inc, which have gained 5
percent in the past three months, closed at C$10.07 Monday on
the Toronto Stock Exchange. They closed at $9.49 on the New
York Stock Exchange.
(Reporting by Gowri Jayakumar in Bangalore; Editing by