CAE Inc., together with its subsidiaries, designs, manufactures, and supplies simulation equipment and training solutions to defense and security markets, commercial airlines, business aircraft operators, helicopter operators, aircraft manufacturers, and healthcare education and service providers worldwide. The company's Civil Aviation Training Solutions segment provides training solutions for flight, cabin, maintenance, and ground personnel in commercial, business, and helicopter aviation; flight simulation training devices; and ab initio pilot training and crew sourcing services, as well as end to end digitally-enabled crew management, training operations solutions, and optimization software. Its Defence and Security segment offers training and mission support solutions for defense forces across multi-domain operations, and for government organizations responsible for public safety. The company's Healthcare segment provides integrated education and training solutions, including surgical and imaging simulations, curriculum, audiovisual and centre management platforms, and patient simulators to healthcare students and clinical professionals. It has a strategic partnership with Volocopter GmbH to develop, certify, and deploy a pilot training program for electric vertical takeoff and landing operations. The company was formerly known as CAE Industries Ltd. and changed its name to CAE Inc. in June 1993. CAE Inc. was founded in 1947 and is headquartered in Saint-Laurent, Canada.
IPO Year:
Exchange: NYSE
Website: cae.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 1/22/2025 | Outperform → Sector Perform | National Bank Financial | |
| 1/6/2025 | Buy → Hold | TD Securities | |
| 12/23/2024 | Hold → Buy | Desjardins | |
| 8/16/2024 | Overweight → Equal-Weight | Morgan Stanley | |
| 6/6/2024 | $21.00 | Hold | Jefferies |
| 5/22/2024 | Buy → Hold | Canaccord Genuity | |
| 5/21/2024 | Buy → Hold | Desjardins | |
| 1/22/2024 | Sector Outperform → Sector Perform | Scotiabank | |
| 11/29/2023 | Neutral → Underperform | BofA Securities | |
| 10/25/2023 | Hold → Buy | Canaccord Genuity |
MONTREAL, Feb. 13, 2025 /PRNewswire/ - (NYSE:CAE) (TSX:CAE) - CAE Inc. ("CAE" or "the Company") today announced the appointment of four new directors to its Board of Directors, including Calin Rovinescu as Chair of the Board. The other three appointments are Peter Lee, Katherine A. Lehman and Louis Têtu. These changes, which will take effect on February 14, followed consultations with the Company's stakeholders that focused on the Board's ongoing review of its composition, and a transition towards renewed Board leadership. Said Mr. Rovinescu, "As a longstanding airline customer and partner of CAE, I am excited to take on the role as Chair to help guide this exceptional global champion thro
Revenue of $1,223.4 million vs. $1,094.5 million in prior yearEarnings per share (EPS) from continuing operations of $0.53 vs. $0.18 in prior yearAdjusted EPS(1) of $0.29 vs. $0.24 in prior yearOperating income of $262.6 million vs. $121.6 million in prior yearAdjusted segment operating income(1) of $190.0 million vs. $145.1 million in prior yearFree cash flow(1) of record $409.8 million vs. $190.0 million in prior yearAdjusted order intake(1) of $2.2 billion for a record $20.3 billion adjusted backlog(1) Company also announces changes to its Board of DirectorsMONTREAL, Feb. 13, 2025 /PRNewswire/ - (NYSE:CAE) (TSX:CAE) - CAE Inc. (CAE or the Company) today reported its financial results for
Future Fighter Lead-in Training program (FFLIT) to support the next generation of Royal Canadian Air Force fighter pilot training MONTREAL, Feb. 12, 2025 /PRNewswire/ - (NYSE:CAE) (TSX:CAE) – Today, CAE has been identified as a strategic partner to the Government of Canada to work with the Royal Canadian Air Force (RCAF) to design and co-develop the Future Fighter Lead-in Training (FFLIT) program, which will prepare and train pilots to operate Canada's advanced fighters. Leveraging CAE's extensive expertise and experience, this partnership will help streamline discussions and enable the acceleration of initial operational capability of the state-of-the-art FFLIT program. Additionally, the
MONTREAL, Feb. 3, 2025 /PRNewswire/ - (NYSE:CAE) (TSX:CAE) – CAE will release its fiscal year 2025 third quarter financial results on Thursday, February 13, 2025, after market close. A conference call will be held the next day, Friday, February 14, 2025, at 8 a.m. Eastern Time (ET) to provide analysts and institutional investors with a review of CAE's performance and outlook. Marc Parent, CAE's President and Chief Executive Officer, Nick Leontidis, Chief Operating Officer, Constantino Malatesta, Interim Chief Financial Officer and Andrew Arnovitz, CAE's Senior Vice President, Investor Relations and Enterprise Risk Management, will participate in this call intended for financial analysts and
MONTREAL, Jan. 21, 2025 /PRNewswire/ - CAE has been awarded on the Forbes list of Canada's Best Employers 2024. This prestigious award is presented in collaboration with Statista, the world-leading statistics portal and industry ranking provider. The award list was announced on January 21st, 2025, and can be viewed on the Forbes website. Forbes and Statista selected Canada's Best Employers 2025 through an independent survey from a vast sample of more than 40,000 Canada-based employees from all industry sectors working for companies employing at least 500 people within Canada. Over 900,000 employer evaluations were considered. The final score is based on two types of evaluations: personal (t
The recently opened training centre on CAE's campus in Montreal marks a broadening of CAE's training portfolio MONTREAL, Jan. 16, 2025 /PRNewswire/ - (NYSE:CAE) (TSX:CAE) – Today, global aviation training leader CAE has inaugurated its first Air Traffic Services (ATS) Training Centre, on its campus in Montreal, Canada. As the largest provider of civil aviation training worldwide, CAE trains pilots, aircraft maintenance technicians, and cabin crew. Last October, CAE started partnering in the training of air traffic controllers (ATC) and flight service specialists (FSS) with NAV CANADA. "We are thrilled to officially inaugurate CAE's first ATS training centre in collaboration with NAV CANADA.
MONTRÉAL, Jan. 13, 2025 /CNW/ - On Thursday, January 16, 2024, NAV CANADA and CAE invite members of the media to attend the inauguration of CAE's new Air Traffic Services Training Centre in Montréal. As part of this first-of-its-kind partnership in Canada, CAE instructors will deliver initial training for Flight Service Specialists and Air Traffic Controllers using NAV CANADA's training curriculum and courseware. The following executives will be in attendance: Marc Parent, President & CEO, CAEMarie-Christine Cloutier, Vice President, Civil Strategy, Performance & Marketing, CAEMark Cooper, President, CEO, NAV CANADADiana Kelly, Vice President and Chief Human Resources Officer, NAV CANADAAla
MONTRÉAL, Jan. 13, 2025 /CNW/ - On Thursday, January 16, 2024, NAV CANADA and CAE invite members of the media to attend the inauguration of CAE's new Air Traffic Services Training Centre in Montréal. As part of this first-of-its-kind partnership in Canada, CAE instructors will deliver initial training for Flight Service Specialists and Air Traffic Controllers using NAV CANADA's training curriculum and courseware. The following executives will be in attendance: Marc Parent, President & CEO, CAEMarie-Christine Cloutier, Vice President, Civil Strategy, Performance & Marketing, CAEMark Cooper, President, CEO, NAV CANADADiana Kelly, Vice President and Chief Human Resources Officer, NAV CANADAAla
Believes Recruitment of a Proven CEO with Verifiable Track Record of Value Creation is Critical to Unlocking CAE's Long-Term Potential Board Should Engage with Browning West on Recruitment Process to Find Best Possible Candidate Browning West Seeks to Meet with the Board as Soon as Possible to Share its Perspectives LOS ANGELES, Dec. 20, 2024 (GLOBE NEWSWIRE) -- Browning West, LP (together with its affiliates, "Browning West" or "we"), which has a substantial investment in CAE Inc. (NYSE:CAE) (TSX:CAE) ("CAE" or the "Company") representing a 4.3% economic interest in the Company, today released a letter to the board of directors of CAE (the "Board"). The full text of the letter follows
MONTREAL, Nov. 28, 2024 /PRNewswire/ - CAE has been awarded on the Forbes list of the World's Top Companies for Women 2024. This prestigious award is presented in collaboration with Statista, the world-leading statistics portal and industry ranking provider. The awards list can currently be viewed on the Forbes' website. The World's Top Companies for Women 2024 have been chosen among multi-national corporations that were evaluated in multiple globally administered independent surveys of approximately 100,000 women in 37 countries. Over 750,000 data points were collected. The final analysis is based on three scores: Employer Brand Score: Women rated their employers on a range of gender-relat
MONTREAL, Feb. 13, 2025 /PRNewswire/ - (NYSE:CAE) (TSX:CAE) - CAE Inc. ("CAE" or "the Company") today announced the appointment of four new directors to its Board of Directors, including Calin Rovinescu as Chair of the Board. The other three appointments are Peter Lee, Katherine A. Lehman and Louis Têtu. These changes, which will take effect on February 14, followed consultations with the Company's stakeholders that focused on the Board's ongoing review of its composition, and a transition towards renewed Board leadership. Said Mr. Rovinescu, "As a longstanding airline customer and partner of CAE, I am excited to take on the role as Chair to help guide this exceptional global champion thro
Eight scholarships will be awarded to young Canadian women studying to become commercial pilots or aircraft maintenance engineersFour aspiring commercial pilots to become CAE Women in Flight ambassadorsScholarship applications open as of Nov. 1 hereMONTREAL, Oct. 31, 2024 /CNW/ - Air Canada and CAE, two Montreal-based global aviation companies, proudly continue their collaboration in fostering the next generation of women in non-traditional airline careers through the Captain Judy Cameron Scholarship, and today announced that applications for the 2025 edition of the Scholarship will open on November 1, 2024.
MONTREAL, May 16, 2024 /PRNewswire/ - (NYSE:CAE) (TSX:CAE) - CAE Inc. (CAE or the Company) today announced the appointment of Patrick Decostre to the Board of Directors, effective immediately. Mr. Decostre is President, Chief Executive Officer and a director of Boralex Inc., a provider of affordable renewable energy in North America and Europe. Prior to his appointment as President and CEO in 2020, he spent 18 years building Boralex's business from the ground up in Europe, where he initiated wind energy initiatives and directed all operations and development activities of Boralex's European subsidiaries. Mr. Decostre, an engineering physicist, graduated from the École Polytechnique of Bruss
MONTREAL, April 4, 2024 /PRNewswire/ - (NYSE:CAE) (TSX:CAE) - CAE Inc. today announced changes to its Defense & Security business unit's leadership team. Jason Goodfriend has been appointed Interim Group President, Defense & Security, effective immediately. Mr. Goodfriend replaces Daniel Gelston, who will remain at CAE in a supporting capacity through May 2024. CAE thanks Mr. Gelston for his vision, leadership and many accomplishments and wishes him well in his future endeavours. Mr. Goodfriend, based in Chantilly, Virginia, joined CAE in January 2023 as Chief Operating Officer (COO) for CAE's Defense & Security business unit. CAE created the COO position at the Defense & Security business
The two global aviation companies continue to foster the next generation of women in aviation Eight women awarded Judy Cameron scholarships as program celebrates fifth anniversary MONTREAL, March 8, 2024 /CNW/ - Today on International Women's Day, Air Canada and CAE are proud to announce the eight winners of the 2024 Captain Judy Cameron Scholarships. The two Montreal-based global aviation companies have again joined forces, to award scholarships to eight women from across Canada who are pursuing careers as commercial pilots or aircraft maintenance engineers. The four CAE recipients training to become commercial pilots will become CAE Women in Flight program ambassadors and play a key role
MONTREAL, Nov. 21, 2023 /PRNewswire/ - (NYSE:CAE) (TSX:CAE) For the second consecutive year, CAE has been named one of Canada's Top 100 Employers, a prestigious designation recognizing Canadian employers leading their industries by offering flexible and adaptable workplaces to their employees. CAE is proud to be recognized as a people-centric employer committed to creating new ways of working, anticipating employees' needs, and focusing on future skills development. "At CAE, our people are at the heart of everything we do. We are a proud global company with deep Canadian roots providing a collaborative, innovative and forward-thinking work environment," said Marc Parent, President and Chief
MONTREAL, April 1, 2022 /PRNewswire/ - (NYSE:CAE, TSX:CAE) - CAE announced today the appointment of Patrick M. Shanahan as a new member of CAE's Board of Directors. "We are very pleased to welcome Patrick M. Shanahan to CAE's Board of Directors. Mr. Shanahan's more than 30 years of experience in the defense sector will help CAE achieve greater alignment with the needs and priorities of National Defense Departments, from the U.S. and Canada, to NATO and allies worldwide. He brings deep knowledge of Defense policy, strategy, technology, supply chain and operations that will st
MONTREAL, May 3, 2021 /PRNewswire/ - (NYSE:CAE); (TSX:CAE) – CAE announced today the appointment of Mary Lou Maher, FCPA, FCA, as a new member of CAE's Board of Directors. "We are very pleased to welcome Mary Lou Maher to CAE's Board of Directors, she brings with her over 35 years of experience in finance, risk management, risk governance, diversity and inclusion, and human resources management," said the Honourable John Manley, Chair of CAE's Board of Directors. Mary Lou Maher was Canadian Managing Partner, Quality and Risk for KPMG Canada and Global Head of Inclusion and Diversity for KPMG International from 2017 to February 2021. Over her 38 years at KPMG she has held various executive
SCHEDULE 13D - CAE INC (0001173382) (Subject)
6-K - CAE INC (0001173382) (Filer)
6-K - CAE INC (0001173382) (Filer)
SCHEDULE 13G/A - CAE INC (0001173382) (Subject)
SCHEDULE 13G/A - CAE INC (0001173382) (Subject)
6-K - CAE INC (0001173382) (Filer)
6-K - CAE INC (0001173382) (Filer)
SCHEDULE 13G/A - CAE INC (0001173382) (Subject)
6-K - CAE INC (0001173382) (Filer)
6-K - CAE INC (0001173382) (Filer)
Revenue of $1,223.4 million vs. $1,094.5 million in prior yearEarnings per share (EPS) from continuing operations of $0.53 vs. $0.18 in prior yearAdjusted EPS(1) of $0.29 vs. $0.24 in prior yearOperating income of $262.6 million vs. $121.6 million in prior yearAdjusted segment operating income(1) of $190.0 million vs. $145.1 million in prior yearFree cash flow(1) of record $409.8 million vs. $190.0 million in prior yearAdjusted order intake(1) of $2.2 billion for a record $20.3 billion adjusted backlog(1) Company also announces changes to its Board of DirectorsMONTREAL, Feb. 13, 2025 /PRNewswire/ - (NYSE:CAE) (TSX:CAE) - CAE Inc. (CAE or the Company) today reported its financial results for
MONTREAL, Feb. 3, 2025 /PRNewswire/ - (NYSE:CAE) (TSX:CAE) – CAE will release its fiscal year 2025 third quarter financial results on Thursday, February 13, 2025, after market close. A conference call will be held the next day, Friday, February 14, 2025, at 8 a.m. Eastern Time (ET) to provide analysts and institutional investors with a review of CAE's performance and outlook. Marc Parent, CAE's President and Chief Executive Officer, Nick Leontidis, Chief Operating Officer, Constantino Malatesta, Interim Chief Financial Officer and Andrew Arnovitz, CAE's Senior Vice President, Investor Relations and Enterprise Risk Management, will participate in this call intended for financial analysts and
Revenue of $1,136.6 million vs. $1,050.0 million in prior yearEarnings per share (EPS) from continuing operations of $0.16 vs. $0.17 in prior yearAdjusted EPS(1) of $0.24 vs. $0.26 in prior yearOperating income of $118.1 million vs. $97.7 million in prior yearAdjusted segment operating income(1) of $149.0 million vs. $135.6 million in prior yearFree cash flow(1) of $140.0 million vs. $147.4 million in prior yearAdjusted order intake(1) of $3.0 billion for a record $18.0 billion adjusted backlog(1) Successfully concludes AirCentre integration and enterprise-wide restructuring programPost quarter, CAE purchased a majority stake in SIMCOM for US$230 million and extend an exclusive business avi
MONTREAL, Nov. 6, 2024 /PRNewswire/ - (NYSE:CAE) (TSX:CAE) – CAE will release its fiscal year 2025 second quarter financial results on Tuesday, November 12, 2024, after market close. A conference call will be held the next day, Wednesday, November 13, 2024, at 8 a.m. Eastern Time (ET) to provide analysts and institutional investors with a review of CAE's performance and outlook. Marc Parent, CAE's President and Chief Executive Officer, Nick Leontidis, Chief Operating Officer, Constantino Malatesta, Interim Chief Financial Officer and Andrew Arnovitz, CAE's Senior Vice President, Investor Relations and Enterprise Risk Management, will participate in this call intended for financial analysts
Revenue of $1,072.5 million vs. $1,012.0 million in prior yearEarnings per share (EPS) from continuing operations of $0.15 vs. $0.20 in prior yearAdjusted EPS(1) of $0.21 vs. $0.24 in prior yearOperating income of $108.6 million vs. $128.3 million in prior yearAdjusted segment operating income(1) of $134.2 million vs. $143.3 million in prior yearAdjusted order intake(1) of $1,192.0 million for a $17.0 billion adjusted backlog(1)Net debt-to-adjusted EBITDA(1) of 3.41x (3.11x excluding Legacy Contracts(1)(2)) vs. 3.17x (2.89x excluding Legacy Contracts) at the end of the preceding quarter463,500 common shares repurchased at a weighted average price of $25.21 and cancelled under NCIBComparative
MONTREAL, Aug. 7, 2024 /PRNewswire/ - (NYSE:CAE) (TSX:CAE) – Analysts and institutional investors are invited to virtually attend CAE's FY2025 Q1 financial results conference call on Wednesday, August 14, at 8:00 a.m. Eastern Time (ET). CAE will also hold its FY2024 Annual Meeting of Shareholders at 11:00 a.m. ET on the same day via a live webcast. Please see below for details. FY2025 first quarter financial results Who: Marc Parent, President and Chief Executive Officer Sonya Branco, Executive Vice President, Finance and Chief Financial Officer Andrew Arnovitz, CAE's Senior Vice President, Investor Relations and Enterprise Risk Management What: CAE's FY2025 Q1 financial results When: Wedn
Financials unchanged from previously disclosed preliminary results MONTREAL, May 27, 2024 /PRNewswire/ - (NYSE:CAE) (TSX:CAE) - CAE Inc. (CAE or the Company) today reported its financial report for the fiscal year ended March 31, 2024. Financial results are unchanged from preliminary data that CAE disclosed on May 21, 2024, including the re-baselining of the Defense & Security business along with Defense & Security impairments and unfavourable contract adjustments related to eight previously identified fixed-price legacy contracts (the Legacy Contracts). All financial information is in Canadian dollars. "Last week we acted decisively and took the necessary steps to provide a clear path to m
MONTREAL, May 23, 2024 /PRNewswire/ - (NYSE:CAE) (TSX:CAE) – CAE will release its fourth quarter and full-year FY2024 financial results on Monday, May 27, 2024, after market close. A conference call will be held on Tuesday, May 28, 2024, at 8 a.m. Eastern Time (ET) to provide analysts and institutional investors with a review of CAE's performance and outlook. Marc Parent, CAE's President and Chief Executive Officer, Nick Leontidis, CAE's Chief Operating Officer, Sonya Branco, CAE's Executive Vice President, Finance and Chief Financial Officer, and Andrew Arnovitz, CAE's Senior Vice President, Investor Relations and Enterprise Risk Management, will participate in this call intended for finan
Defense records $568.0 million goodwill impairment, $90.3 million unfavourable contract adjustments, and $35.7 million impairment of related intangible assetsPreliminary unaudited fiscal fourth quarter and full fiscal 2024 results and initial fiscal 2025 outlook providedBoard approves NCIB for the repurchase of up to 5% of CAE's common sharesFourth quarter and full year fiscal 2024 results to be disclosed after market hours on May 27Management to discuss financial results and outlook on May 28 earnings callMONTREAL, May 21, 2024 /PRNewswire/ - (NYSE:CAE) (TSX:CAE) - CAE Inc. (CAE or the Company) today announced a re-baselining of its Defense business along with Defense impairments and unfavo
Revenue of $1,094.5 million vs. $969.9 million in prior yearEarnings per share (EPS) from continuing operations of $0.18 vs. $0.24 in prior yearAdjusted EPS(1) of $0.24 vs. $0.27 in prior yearOperating income of $121.6 million vs. $142.1 million in prior yearAdjusted segment operating income(1) of $145.1 million vs. $156.8 million in prior yearAdjusted order intake(1) of $1,273.9 million for an $11.7 billion adjusted backlog(1) Net debt-to-adjusted EBITDA(1) of 3.16x vs. 3.25x at the end of the preceding quarterComparative figures have been reclassified to reflect discontinued operationsMONTREAL, Feb. 14, 2024 /PRNewswire/ - (NYSE:CAE) (TSX:CAE) - CAE Inc. (CAE or the Company) today reporte
SC 13G/A - CAE INC (0001173382) (Subject)
SC 13G/A - CAE INC (0001173382) (Subject)
SC 13G/A - CAE INC (0001173382) (Subject)
SC 13G/A - CAE INC (0001173382) (Subject)
SC 13G/A - CAE INC (0001173382) (Subject)
SC 13G - CAE INC (0001173382) (Subject)
SC 13G - CAE INC (0001173382) (Subject)
SC 13G - CAE INC (0001173382) (Subject)
SC 13G - CAE INC (0001173382) (Subject)
SC 13G/A - CAE INC (0001173382) (Subject)
National Bank Financial downgraded CAE from Outperform to Sector Perform
TD Securities downgraded CAE from Buy to Hold
Desjardins upgraded CAE from Hold to Buy
Morgan Stanley downgraded CAE from Overweight to Equal-Weight
Jefferies initiated coverage of CAE with a rating of Hold and set a new price target of $21.00
Canaccord Genuity downgraded CAE from Buy to Hold
Desjardins downgraded CAE from Buy to Hold
Scotiabank downgraded CAE from Sector Outperform to Sector Perform
BofA Securities downgraded CAE from Neutral to Underperform
Canaccord Genuity upgraded CAE from Hold to Buy