CAE said it will be investing C$1 billion over the next five years on Project Resilience that aims to develop artificial intelligence (AI)-based aviation technologies.
It will also provide operational support and training solutions for Advanced Air Mobility, as well as develop green light aircraft technologies.
In partnership with the Government of Canada and the Government of Québec, the project will allow CAE to play a key role in making air travel safer, defence forces mission ready, and helping medical personnel save lives.
The Government of Canada and the Government of Québec will provide a combined investment of C$340 million over the next five years (C$190 million for Canada and C$150 million for Québec).
CAE will harness its technological capabilities, expertise in supporting airworthiness test programs as well as its latest innovations in simulation, virtual/mixed reality (VR/MR) and data analytics to be at the forefront of disruptive mobility technologies such as eVTOL vehicles.
Through the project, CAE will invest in the development of electric aircraft technologies and solutions, including retrofitting its large fleet of light trainer aircraft to reduce its carbon footprint. CAE announced on Sept 28, 2020 that it became the first Canadian aerospace company to reach carbon neutrality.