Grants and Contributions:

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Title:

Project Phoenix - Strategic Simulation Technologies.

Agreement Number:

496997

Agreement Value:

$189,000,000.00

Agreement Date:

Dec 7, 2005 - Apr 30, 2030

Description:

This project is a transformative research and development (R&D) program to reaffirm CAE's global position in simulation, training and modelling.

Organization:

Innovation, Science and Economic Development Canada

Expected Results:

This investment will reaffirm CAE’s global position in simulation, training and modelling. It also drives a new business model for CAE to reduce development costs andtime to market for new technologies, reflecting post 9-11 aerospace and defence markets conditions. This initiative will develop a set of core technologies that will be used to create a broad range ofproducts for simulation-based applications.

Location:

Montreal, Quebec, CA H4T1G6

Reference Number:

033-2005-2006-Q3-496997

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

100717065

Recipient Type:

For-profit organization

Additional Information:

The amendment has been completed to extend the repayment period end date from July 31, 2029 to April 30, 2030.

Amendment Date

Aug 8, 2024

Recipient's Operating Name:

CAE Inc.

Recipient's Legal Name:

CAE Inc.

Federal Riding Name:

Saint-Laurent

Federal Riding Number:

24068

Program:

Aerospace & Defence

Program Purpose:

To strategically invest in projects with firms across Canada in support of technological development that fosters innovation, commercialization, sustainable development and increased investment.These investments have targeted pre-competitive projects across a wide spectrum of technology areas such as environmental and enabling technologies, which includes biotechnology and health related applications, plus aerospace and defence technologies as well as manufacturing and communications technologies.

NAICS Code:

336410

Amendments:

See Amendments