| Halifax, NS, Canada, June 21, 2016 –Bluedrop Training & Simulation Inc., a subsidiary of Bluedrop Performance Learning Inc. (“Bluedrop”) (TSX-V: BPL) has received a US$13 million contract from Sikorsky, a Lockheed Martin Company, to provide instructors and training courseware for pilots and maintainers learning to operate Canada’s new fleet of 28 CH-148 Cyclone maritime helicopters. The agreement extends by three years the training that Bluedrop has provided to the programme — known as the Canadian Maritime Helicopter Project — since 2010.
“This training agreement will ensure that RCAF aircrew and maintenance personnel remain in complete readiness to fly and maintain the Cyclone helicopters as the Canadian Maritime Helicopter Project transitions from development to operational status,” said Jean-Claude Siew, Bluedrop Vice-President Technology & Simulation. “We thank Sikorsky for its continued trust in Bluedrop and our Halifax-based training team. This contract extension provides stability to our business.” Bluedrop will provide over 30 highly-skilled technician and aircrew instructors, simulator operators and training program support personnel for the 406 Operational and Training Squadron located at 12 Wing Shearwater in Nova Scotia. The Cyclone training suite includes two flight simulators, two operational mission simulators, six mission procedures trainers and two aircraft maintenance trainers; supplemented by several maintenance part task trainers. Designed for anti-submarine and anti-surface warfare, CH-148 Cyclone aircraft was developed as a sophisticated maritime helicopter for operation aboard Royal Canadian Navy Halifax-class frigates. The new aircraft are replacing Sikorsky Sea King helicopters, which have served Canada in the maritime role for the past 50 years. Sikorsky (Stratford, Connecticut) leads the Canadian Maritime Helicopter Project industry team with principal subcontractor General Dynamics Mission Systems–Canada (Ottawa, Canada). The team is delivering 28 CH-148 Cyclone helicopters to the Royal Canadian Air Force over six years. Canada accepted the first six aircraft with a Block 1 configuration in mid-2015, and will accept six Block 2 aircraft with enhancements to the mission systems and airframe in 2018. All 28 aircraft with full operational capability will be fielded in 2021. About Bluedrop Training & Simulation Inc. Bluedrop Training & Simulation Inc. designs and develops advanced training systems and state-of-the-art simulation products to safely train operators and maintainers of complex equipment. Our approach leverages innovative technology to provide cost-effective blended-media training content, from classroom instruction and computer-based training (CBT) through to high-fidelity training devices. Bluedrop Training & Simulation is a small to medium-sized enterprise (SME) providing a strong value proposition offering 100% Canadian designed and developed solutions. For more information about Bluedrop, visit www.bluedrop.com You can follow us on Twitter: @Bluedrop_BPL This news release may contain “forward-looking information” as defined in applicable Canadian securities legislation. All statements, other than statements of historical fact included in this release, including, without limitation, statements regarding the impact of the operational restructuring and future plans and objectives of Bluedrop, constitute forward-looking information that involve various risks and uncertainties. Forward-looking information is based on a number of factors and assumptions which have been used to develop such information but which may prove to be incorrect, including, but not limited to, assumptions in connection with the operational efficiencies associated with the integration of technological and financial systems and general economic and market conditions. There can be no assurance that such information will prove to be accurate and actual results and future events could differ materially from those anticipated in such forward-looking information. Important factors that could cause actual results to differ materially from Bluedrop’s expectations include general global economic conditions. For additional information with respect to risk factors applicable to Bluedrop, reference should be made to Bluedrop’s continuous disclosure materials filed from time to time with securities regulators, including, but not limited to, Bluedrop’s Management’s Discussion and Analysis of Results of Operations and Financial Condition For the Year Ended September 30, 2015. The forward-looking information contained in this release is made as of the date of this release and Bluedrop does not undertake to update publicly or revise the forward-looking information contained in this release, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. About Lockheed Martin Headquartered in Bethesda, Maryland, Lockheed Martin is a global security and aerospace company that employs approximately 125,000 people worldwide and is principally engaged in the research, design, development, manufacture, integration and sustainment of advanced technology systems, products and services. Contact:
|
