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News and updates for CAE Inc. (CAE) highlight its activities in aviation training, simulation, and defence. The company regularly issues press releases on financial results, major contracts, partnerships, and training‑centre developments, giving investors and industry followers insight into how its civil and defence segments are evolving.
Recent news includes quarterly financial results that detail revenue, operating income, segment performance, cash flow, and backlog for Civil Aviation and Defense and Security. These releases also describe transformation initiatives and organizational changes intended to streamline CAE’s structure and focus on product and service delivery across its global training network.
CAE’s announcements also cover significant customer agreements and programs. Examples include a contract with the Commonwealth of Australia to deliver the Future Air Mission Training System for the Royal Australian Air Force, a cooperation agreement with Saab related to GlobalEye Airborne Early Warning and Control training platforms, and an agreement to supply a Boeing 737 MAX full‑flight simulator to MAB Academy, the training arm of Malaysia Airlines Group. CAE has also reported on the inauguration of its CAE Vienna business aviation training centre and its collaboration with Joby Aviation on next‑generation simulators for eVTOL pilot training.
Beyond contracts and technology, CAE issues news on corporate governance, shareholder meeting results, and community initiatives such as its Centraide (United Way) campaigns and scholarship collaborations. This news page allows readers to follow how CAE’s training, simulation, and social responsibility activities develop over time and to monitor key milestones across its civil aviation and defence businesses.
On International Women's Day, CAE announced achieving Gold-level gender parity certification from Women in Governance, enhancing its commitment to diversity and inclusion. President Marc Parent emphasized CAE's progressive work culture, supported by internal networks like the Professional Women’s Network and LIFT, aimed at promoting women's career advancement. CAE also initiates scholarships for women and Indigenous individuals in aviation, contributing $126,350 over two years. Recognized by Forbes and Bloomberg for its female-friendly policies, CAE continues to advocate for gender equity, aiming to inspire more female pilots in an industry currently comprising only 5% women.
CAE Inc. reported significant financial growth in Q3 2023, with revenues of $1,020.3 million, a 20% increase year-over-year. Earnings per share surged to $0.25, up 213% from $0.08 last year. Operating income reached $145.9 million, marking a 123% improvement. Adjusted order intake was $1,240.1 million, leading to a record $10.8 billion adjusted backlog. The company maintains its FY2023 outlook for mid-20% consolidated adjusted segment operating income growth. The positive performance was driven by Civil's double-digit growth and a strong defense segment, despite challenges in adjusted order intake.
CAE will announce its fiscal year 2023 third quarter results on February 14, 2023, at 2 p.m. ET. The conference call aims to review the company's performance and future outlook, featuring key executives including Marc Parent, President and CEO, and Sonya Branco, CFO. The event will be accessible via a live webcast on CAE's official website, with a media Q&A session following the analysts' discussion. Interested participants can find further details and access links to the event on the CAE website.
CAE Inc. will announce its fiscal year 2023 third quarter results on February 14, 2023, at 2 p.m. ET. The conference call will offer a detailed review of the company’s performance and future outlook, featuring key executives including President Marc Parent and CFO Sonya Branco.
The call is aimed at financial analysts and institutional investors, with a Q&A session for media representatives afterward. Interested parties can join the live webcast or access an archived version later. CAE operates globally with over 13,000 employees across 200 sites, providing simulation training and critical operation support.
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CAE reported a significant revenue increase of $993.2 million in Q2 2023, up 22% from $814.9 million the previous year. Net income rose to $44.5 million ($0.14 per share), marking a 218% increase. Adjusted EPS improved to $0.19 from $0.17. The company achieved an adjusted order intake of $1,294.6 million, leading to a record backlog of $10.6 billion. CAE reaffirms its FY2023 outlook, projecting mid-20% growth in consolidated adjusted segment operating income.
Marc Parent, President and CEO of CAE, received Aviation Week's Philip J. Klass Award for Lifetime Achievement during the Annual Laureate Awards on November 3, 2022, in Washington, DC. This prestigious accolade recognizes his nearly four-decade commitment to aviation safety and leadership in transforming CAE into the largest global provider of civil aviation training services. Under his guidance, CAE achieved carbon neutrality in 2020 and continues to innovate for a safer and greener aerospace future.
Spirit Airlines (NYSE: SAVE) and CAE (NYSE: CAE) have introduced the Spirit Wings Pilot Pathway program at CAE's Phoenix flight academy, aimed at enhancing their pilot recruitment pipeline. Graduates with around 500 flight hours can apply, receiving mentorship and conditional job offers upon successful interviews. Spirit plans to expand its fleet, adding 24 planes in 2022 and 33 in 2023, which will provide pilots with quicker advancement opportunities. Spirit has also been recognized for its commitment to safety and diversity in the workplace.
CAE has been recognized in Canada Post's "Canadians in Flight" stamp series, coinciding with its 75th anniversary. The stamp features both historical and modern flight simulation technology and underscores CAE's commitment to innovation in the aerospace sector. Celebrating its founding by Ken Patrick in 1947, CAE emphasizes its role in pilot training globally, contributing to safer flight operations. The company has achieved carbon neutrality and aims to reduce emissions through its transition to electric aircraft for training. This honor reflects CAE's significant contributions to Canadian aviation and technology.