CAE says it has signed a contract to manufacture and supply 10,000 ventilators for the Canadian government. Financial terms of the agreement were not immediately available.
The company says it’s finalizing the design and testing of its CAE Air1 ventilator and is preparing for production. [ Sign up for our Health IQ newsletter for the latest coronavirus updates ] The first unit is expected to be delivered in early May to health authorities for certification.
CAE also announced that it has recalled all remaining temporarily laid-off employees in Canada. It says between recalls of employees providing essential services and recalls through the federal emergency wage subsidy, about 1,500 employees will be back on the payroll this week.