MONTREAL -- Flight simulator company CAE has received a $250 million repayable investment from Ottawa.

The goal of the five-year program is to help Montreal-based CAE develop its next generation of simulation platforms.

CAE flight simulators are used around the world to train airline and military pilots and cockpit crews.

The company (TSX:CAE) also provides other training equipment and services for the civil aviation and defence markets.

The federal contribution was announced by Denis Lebel, the minister responsible for economic development in Quebec.