Calian Wins DND Contract for Aircraft Maintenance Repair Training Services
Ottawa, Ontario – April 27, 2016: Calian Group Ltd. (TSX.CGY) is pleased to announce that it has been awarded a contract by the Department of National Defence (DND) for the provision of aircraft maintenance and repair training services to the Canadian Forces School of Aerospace Technology and Engineering (CFSATE) in Borden, Ontario. The initial one-year contract is valued at $8.5 million. The contract also contains three one year options, which if exercised will increase the total value of the contract to approximately $35 million for the four-year contract period.
Under the contract terms, Calian will provide aircraft maintenance and repair training services at CFSATE. This includes services in the areas of course management and course delivery to military personnel, course review and design as well as administrative and technology support. The Calian team will play an integral part in the RCAF's plans for the continued provision of quality aircraft maintenance training at CFSATE.
"For the past 12 years, Calian has been pleased to support CFSATE in the delivery and curriculum development of basic trade courses for Basic Military Occupation Structure Identification (MOS-ID) and advanced trade courses for Occupational Specialty Qualification (OSQ) to RCAF personnel. This experience has allowed Calian to achieve a high level of customer satisfaction as evidenced by this renewal contract. We look forward to providing exceptional aircraft maintenance training services to the Department of National Defence for the years ahead," said Jerry Johnston, Vice President Training and Engineering Services.
About Canadian Forces School of Aerospace Technology and Engineering (CFSATE)
The CFSATE is a DND establishment located at Canadian Forces Base Borden (CFB Borden) that is part of 16 Wing and is operationally responsible to 2 Canadian Air Division. The role of CFSATE is to provide the Royal Canadian Air Force (RCAF) with qualified aircraft maintenance personnel by developing and carrying out individual aerospace technical and engineering training in accordance with aviation and military approved doctrine and standards.
Calian employs over 2,500 people with offices and projects that span Canada, U.S. and international markets. The company's capabilities are diverse with services delivered through two divisions. The Business and Technology Services (BTS) Division is headquartered in Ottawa and includes the provision of business and technology services to industry, public and government in the health, training, engineering and IT services domains. Calian’s Systems Engineering Division (SED) located in Saskatoon plans, designs and implements complex communication systems for many of the world’s space agencies and leading satellite manufacturers and operators. SED also provides contract manufacturing services for both private sector and military customers in North America.
For further information, please visit our website at www.calian.com, or contact us at [email protected] Kevin Ford President and Chief Executive Officer 613-599-8600 Jacqueline Gauthier Chief Financial Officer 613-599-8600
Certain information included in this press release is forward-looking and is subject to important risks and uncertainties. The results or events predicted in these statements may differ materially from actual results or events. Such statements are generally accompanied by words such as “intend”, “anticipate”, “believe”, “estimate”, “expect” or similar statements. Factors which could cause results or events to differ from current expectations include, among other things: the impact of price competition; scarce number of qualified professionals; the impact of rapid technological and market change; loss of business or credit risk with major customers; technical risks on fixed price projects; general industry and market conditions and growth rates; international growth and global economic conditions, and including currency exchange rate fluctuations; and the impact of consolidations in the business services industry. For additional information with respect to certain of these and other factors, please see the Company’s most recent annual report and other reports filed by Calian with the Ontario Securities Commission. Calian disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. No assurance can be given that actual results, performance or achievement expressed in, or implied by, forward-looking statements within this disclosure will occur, or if they do, that any benefits may be derived from them.