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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 successfully raised $1 million in its 2021 fundraising campaign for Centraide (United Way), marking the third consecutive year of achieving this milestone through employee contributions and corporate support. CAE has donated a total of $14.6 million to Centraide of Greater Montreal since 2000. CEO Marc Parent emphasized the company's commitment to helping vulnerable communities impacted by the pandemic. Additionally, CAE continues to engage in various community support initiatives in education, defense, and healthcare.
CAE reported second quarter fiscal 2022 revenue of $814.9 million, a 16% increase from $704.7 million last year. Net income attributable to equity holders was $14 million ($0.04 per share), compared to a loss of $5.2 million last year. Adjusted EPS was $0.17, up from $0.13. Operating income rose to $39.2 million from $28.2 million. CAE recorded $871.4 million in orders, maintaining a backlog of $8.8 billion. The company aims for an adjusted segment operating margin of 17% post-pandemic.
CAE will announce its fiscal year 2022 second quarter results on November 11, 2021, at 1 p.m. ET. A conference call will follow, featuring CAE's leadership team, including CEO Marc Parent, CFO Sonya Branco, and SVP Andrew Arnovitz, to discuss financial performance and outlook. The call is aimed at analysts, investors, and media, with a Q&A session afterward. A live webcast will be available on CAE’s website and an instant replay will be provided afterward.
CAE will announce its fiscal year 2022 second quarter results on November 11, 2021. A conference call will take place at 1 p.m. ET to discuss the company's performance and future outlook. Key executives, including Marc Parent and Sonya Branco, will present during the call, which is intended for analysts and institutional investors. The call will be available via webcast. CAE has a strong recurring revenue model, with over 60% of its revenue recurring, and has a significant global presence with more than 11,000 employees.
CAE has agreed to acquire Sabre's AirCentre airline operations portfolio for US$392.5 million. The deal includes AirCentre's flight and crew management solutions and its 500 employees. In 2019, AirCentre reported approximately US$150 million in revenue and US$55 million in EBITDA. This acquisition aims to enhance CAE's digital flight operations and is expected to be EPS accretive in the first year. For Sabre, this divestiture aligns with its strategic initiatives, allowing it to focus on growth opportunities.
CAE has announced an agreement to acquire Sabre's AirCentre airline operations portfolio for US$392.5 million, aiming to enhance its digital flight operations capabilities. The AirCentre portfolio, which generated approximately US$150 million in revenue and US$55 million EBITDA in 2019, will add 500 skilled employees to CAE's workforce. The acquisition is projected to be accretive to CAE’s earnings per share and free cash flow in the first year post-closing, expected in early 2022.
CAE has partnered with BETA Technologies to develop a comprehensive training program for the ALIA Electric Vertical Takeoff and Landing Aircraft (eVTOL). This collaboration aims to create digital training solutions tailored for pilots and maintenance technicians, addressing the growing demand in the Advanced Air Mobility (AAM) sector. BETA, a leader in AAM, has secured significant orders from UPS and others, enhancing its market position. CAE's expertise will support BETA's aircraft certification, contributing to the future of sustainable aviation.
CAE announced the results of its 2021 Annual Meeting of Shareholders, where 11 nominees were elected to the board of directors. Vote percentages for the nominees were notably high, with Margaret S. Billson receiving 94.20% and Mary Lou Maher achieving 99.75%. The overall results reflect a strong support for the new board, indicating a stable leadership structure. Additionally, CAE highlighted its commitment to safety and innovation in digital immersion and its substantial recurring revenue, accounting for over 60% of total income.
CAE reported strong first-quarter results for fiscal 2022, with revenue reaching $752.7 million, up 37% from $550.5 million the previous year. The net income attributable to equity holders was $46.4 million ($0.16 per share), recovering from a loss of $110.6 million last year. Adjusted EPS was $0.19. The company concluded a $1.05 billion acquisition of L3Harris' Military Training segment. Despite the challenges of COVID-19, CAE anticipates continued strong growth, particularly in Civil Aviation and Defence, supported by new strategic partnerships and contracts.
CAE (NYSE: CAE, TSX: CAE) invites media, shareholders, and analysts to its virtual 2021 Annual Meeting on August 11, 2021, at 11:00 a.m. ET. Management will review fiscal year 2021 activities and first-quarter financial results for FY2022, ending June 30, 2021. A conference call specific to these results will occur at 1:30 p.m. ET. Key executives, including President Marc Parent and CFO Sonya Branco, will present and answer questions from media and analysts.