11:21 AM EDT, 05/30/2024 (MT Newswires) -- CAE (CAE.TO) on Thursday said its CAE Defense & Security won a contract from General Atomics Aeronautical Systems to support the MQ-9B SkyGuardian Remotely Piloted Aircraft Systems (RPAS) acquired by the Canadian government.

The minimum contract value is $250 million for an initial nine years with additional option years over the total period of performance.

CAE will deliver aircrew and maintenance technician training, supporting training devices and courseware to meet Canada's RPAS requirements. CAE will also provide maintenance technicians to augment the Royal Canadian Air Force maintenance staff in Canada and deployed.

The agreement includes broader In-Service Support capabilities, including aircraft maintenance, IT and cybersecurity at the RPAS operating sites, as well as publications management.

CAE shares were last seen up $0.24 to $25.59 on the Toronto Stock Exchange.

Price: 25.60, Change: +0.25, Percent Change: +0.99