CAE Named As Saab's Preferred Supplier For Select Training And Simulation Requirements Related To GlobalEye Airborne Early Warning And Control Aircraft And Other Platforms

(NYSE: CAE) (TSX:CAE) – CAE announced today the signing of a worldwide cooperation agreement that positions CAE as Saab's preferred supplier for select training and simulation requirements related to its GlobalEye Airborne Early Warning and Control (AEW&C) aircraft and other platforms. This partnership also includes an agreement specific to Canada to jointly pursue Canada's AEW&C program.

Under the global cooperation agreement, CAE will offer simulation-based training solutions in support of Saab's international GlobalEye campaigns, as well as other AEW&C programs for the Saab platforms. The collaboration will leverage CAE's expertise in advanced integrated training systems, encompassing the development and delivery of flight training devices and integrated mission platforms, as well as a modern training ecosystem that combines digital content and a mission and training environment to replicate real-world operational complexity. CAE will also draw on its expertise in its global training centre network to provide pilot and maintenance training services, ensuring operational excellence across AEW&C platforms.

In addition, this agreement includes a cooperation focused on Canada's AEW&C program. This agreement will combine Saab's leadership in airborne surveillance with CAE's proven training and simulation capabilities to deliver a comprehensive solution tailored to Canada's requirements. These activities could generate significant economic growth and create high-value jobs across Canada, strengthening the country's defence sector, building on local expertise, driving the development of new intellectual property in surveillance platforms and expanding Canada's innovation footprint in this critical domain.

This agreement unites two defence industry leaders to advance GlobalEye AEW&C capabilities worldwide and in Canada. Saab's GlobalEye platform integrates a suite of active and passive sensors for multi-domain surveillance, while CAE ensures training systems evolve alongside platform capabilities to meet current and future operational requirements.

Canada and Sweden share a strong relationship as northern nations and NATO allies, collaborating through the Arctic Council and benefitting from expanding trade and investment through agreements such as the Comprehensive Economic and Trade Agreement (CETA).