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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.
CAE has relaunched its Women in Flight scholarship program at the Farnborough International Airshow 2022 to inspire more women to become commercial pilots. easyJet is partnering with CAE, offering one candidate a job opportunity and funding for pilot training. Since its inception in 2018, six women have benefitted from the program. Currently, only 5% of professional pilots are women. CAE aims to address this gender gap and fulfill the industry's need for 260,000 new pilots in the next decade.
CAE unveiled a new visual brand identity and logo, signaling a commitment to innovation as it celebrates 75 years in the industry. This refresh aims to reflect CAE's bold vision for the future and its mission of enhancing safety through advanced technologies. Recently, CAE made nine acquisitions, expanding its capabilities and indicating strategic growth. The company will invest C$1 billion in innovation over the next five years, integrating digital and physical realms to improve training and operational solutions.
CAE has released its Annual Activity and Corporate Social Responsibility (CSR) report, showcasing achievements in environmental, social, and governance (ESG) initiatives. Key highlights include:
- Environmental: Achieved carbon neutrality for two consecutive years and utilized renewable energy across its operations.
- Social: Supported humanitarian efforts in Ukraine and Germany, while reinforcing human rights practices.
- Governance: Completed a CSR roadmap and enhanced supply chain management.
CAE continues to integrate sustainability into its core strategy, impacting customer experience positively.
On June 22, 2022, CAE's President and CEO, Marc Parent, was honored as a Knight of the Ordre national du Québec, recognizing his significant contribution to Québec's economy. Under his leadership, CAE expanded its capabilities with nine acquisitions since March 2020 and became the first Canadian aerospace firm to achieve carbon neutrality in 2020. Mr. Parent also played a pivotal role in launching a COVID-19 vaccination initiative in Québec that administered nearly 400,000 doses. Recently, he was inducted into Québec's Air and Space Hall of Fame for his leadership and innovation.
CAE has partnered with Behaviour Interactive to integrate video game technology into large-scale training solutions. This collaboration aims to create innovative training technologies that enhance safety and operational efficiency. CAE will gain exclusive access to Behaviour's multidisciplinary teams, boosting its capabilities in immersive digital solutions. The partnership aligns with CAE's commitment to Canadian innovation under the Industrial and Technological Benefits Policy, reinforcing its position as a leader in emerging technologies.
CAE is hosting an Investor Day on June 7, 2022, at the Lotte Palace in New York, aimed at capital market professionals including financial analysts and institutional investors.
The event will feature presentations on CAE's business, technology, market opportunities, and strategic initiatives, with interactive demos and Q&A sessions. The presentations will run from 8:30 a.m. to 12:15 p.m. ET, with a live webcast available for those unable to attend in person. An online recording will be accessible afterwards on their investor website.
CAE reported strong Q4 FY2022 results, achieving $955.0 million in revenue, a 7% increase year-over-year, and $0.17 EPS, up from $0.07 in Q4 last year. Annual revenue reached $3.4 billion, a 13% gain, with diluted EPS rising to $0.45 from a loss of $0.17. Noteworthy was the record order intake of $4.1 billion, contributing to a backlog of $9.6 billion. The company generated $187.6 million in free cash flow, resulting in a 131% cash conversion.
CAE will announce its FY2022 Q4 and full-year financial results on May 31, 2022, after market close. A conference call is scheduled for June 1, 2022, at 8:30 a.m. ET to discuss these results. Key executives, including President Marc Parent and CFO Sonya Branco, will participate to provide insights. The call is intended for analysts, institutional investors, and the media, with a Q&A session following the presentation. The meeting will be broadcast live and archived on CAE's website.
CAE will hold an Investor Day on June 7, 2022, in New York, at the Lotte New York Palace. The event will include presentations from senior management, interactive demonstrations, and opportunities for attendees to engage with CAE's leadership. A live webcast of the presentations will also be available.
Prior to this, on June 6, 2022, CAE will offer exclusive tours of its North East Training Centre in Morristown, New Jersey, for investors and media. This event is geared toward capital market professionals.
CAE has announced that Hélène V. Gagnon, the Chief Sustainability Officer, has been awarded the 2022 Report on Business Best Executive Award. This award celebrates excellence among senior executives in Canada. Gagnon was recognized for her leadership in managing CAE’s reputation and relationships globally, particularly in Corporate Social Responsibility. Marc Parent, CAE's President and CEO, praised her transformative leadership since joining the company in 2015. Gagnon has also played a key role in administering COVID-19 vaccines in Quebec through the Industry for Vaccination initiative.