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CAE and TKMS sign teaming agreement to pursue the Canadian Patrol Submarine Project (CPSP)
(NYSE: CAE) (TSX: CAE) – CAE today announced a teaming agreement with TKMS in support of TKMS's pursuit of the Canadian Patrol Submarine Project (CPSP).
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[{"type":"list","items":[{"val":[{"type":"text","content":"The Teaming Agreement establishes a framework for cooperation between CAE and TKMS in support of the Canadian Patrol Submarine Project (CPSP).","length":147,"tagName":"p"}]},{"val":[{"type":"text","content":"The Teaming Agreement also provides a basis for exploring additional international and export opportunities involving training and simulation components.","length":153,"tagName":"p"}]}],"tagName":"ul","bulletedList":true,"length":300,"olType":false},{"type":"text","content":"MONTREAL, March 4, 2026 /CNW/ - (NYSE: CAE) (TSX: CAE) – CAE today announced a teaming agreement with TKMS in support of TKMS's pursuit of the Canadian Patrol Submarine Project (CPSP).","length":193,"tagName":"p"},{"type":"text","content":"The teaming agreement partnership brings together TKMS's proven submarine design and construction expertise with CAE's global leadership in simulation‑based training and mission‑system support to serve the Royal Canadian Navy (RCN).","length":240,"tagName":"p"},{"type":"text","content":"Under this teaming agreement, CAE will support TKMS's bid to deliver a comprehensive, long-term training and sustainment capability tailored to the Royal Canadian Navy's future submarine fleet. It will closely replicate real‑world submarine operations to ensure crews develop the confidence and expertise needed for mission success.","length":340,"tagName":"p"},{"type":"text","content":""CAE is proud to stand with TKMS as Canada moves forward on its next generation of submarine capability," said Matt Bromberg, President and CEO, CAE. "Submarine operations demand precision, teamwork and absolute readiness. Our core responsibility is to give Royal Canadian Navy crews training that reflects the pressure and complexity they will face at sea. CAE has spent decades preparing naval teams around the world through advanced simulation and mission-ready training. We bring that experience and a strong commitment to Canadian industry and to this partnership. Together, we are strengthening the RCN's readiness and supporting Canada's long-term security."","length":693,"tagName":"p"},{"type":"text","content":""Training is a critical pillar of operational effectiveness for modern naval forces," said Oliver Burkhard, CEO, TKMS. "Through this agreement w...