MONTREAL – CAE Inc. is investing up to $714-million in a five-year research and development program dubbed Project Falcon. The project’s goal is to expand CAE’s current modeling and simulation technologies, develop new ones and increase its capabilities beyond training into other areas of the aerospace and defence market, such as analysis and operations. CAE says the federal government will invest up to $250-million in the program through the Strategic Aerospace and Defence Initiative. Click here for more information.