Welcome to our dedicated page for Cae news (Ticker: CAE), a resource for investors and traders seeking the latest updates and insights on Cae stock.
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 Inc. announced the closing of its public offering, issuing a total of 10,454,545 common shares at US$27.50 per share, yielding gross proceeds of approximately US$287 million. The offering included an over-allotment option fully exercised by underwriters. Proceeds will primarily fund the acquisition of L3Harris Technologies' Military Training business, with the remainder sourced from previous placements and available liquidities. If the acquisition does not close, funds will be used for general corporate needs. The offering was led by a syndicate including Goldman Sachs and TD Securities.
CAE announced the pricing of its public offering of common shares at US$27.50 per share, aiming for gross proceeds of US$250 million, with a 15% over-allotment option. The funds will partially finance the acquisition of L3Harris Technologies' Military Training business. The offering includes 9,090,909 shares and is expected to close on March 12, 2021, subject to customary conditions. If the acquisition does not close, proceeds will support general corporate purposes, including future growth opportunities.
CAE Inc. announced a public offering of common shares aiming for gross proceeds of approximately US$250 million, with a potential 15% over-allotment option. The proceeds will partially fund the acquisition of L3Harris Technologies' Military Training business. The offering, managed by a syndicate led by Goldman Sachs, TD Securities, RBC Capital Markets, and Scotia Capital, is subject to market conditions and regulatory approvals. CAE plans to invest the net proceeds in short-term, investment-grade instruments or use them for general corporate purposes if the acquisition does not close.
CAE announced the completion of a private placement of subscription receipts valued at C$700 million (approx. US$550 million) to Caisse de dépôt et placement du Québec and GIC Private Limited. The proceeds will fund a portion of the acquisition of L3Harris Technologies' Military Training business. Each receipt converts into a common share of CAE upon closing, expected in the second half of 2021, pending regulatory approvals. The securities are not registered in the U.S. or Canada.
Caisse de dépôt et placement du Québec (CDPQ) has announced a CA$475 million investment in CAE, a leading provider in training solutions. This funding will facilitate CAE's acquisition of L3Harris Technologies' defense training and simulation business. Following this acquisition, CDPQ is set to become CAE's largest shareholder. The deal is strategic for CAE, enhancing its role in the defense sector while solidifying its leadership in civil aviation and healthcare. GIC Private Limited is also contributing with a CA$225 million investment.
CAE has announced a definitive agreement to acquire L3Harris’ Military Training business for US$1.05 billion, aiming to enhance its military training capabilities in the US. The acquisition, expected to close in the second half of 2021, is projected to bring low-teens percentage EPS accretion in the first full year, along with annual cost synergies between C$35 million and C$45 million. This strategic move will expand CAE's offerings across air, land, sea, space, and cyber domains.
CAE reported third-quarter fiscal 2021 revenue of $832.4 million, an 18% increase from the second quarter but a 10% decline year-over-year. EPS reached $0.18, a significant recovery from a loss last quarter, yet down 51% from last year. Operating profit was $82.9 million, down 46% from last year. CAE made three acquisitions and raised $495.3 million through equity offerings to enhance its market position. Despite a solid backlog of $7.8 billion, the ongoing pandemic continues to hinder commercial aviation recovery, impacting future revenue and performance.
CAE has announced that its Chair, the Honourable John Manley, has received the 2021 Institute of Corporate Directors Fellowship Award, recognizing his substantial contributions to corporate governance in Canada. Manley has been with CAE since 2008, where he has played a critical role in promoting sound governance practices and fostering ESG initiatives, contributing to the company's record financial performance. His leadership style emphasizes trust and empowerment, enhancing CAE's global standing and innovation in high-technology solutions across various sectors.
CAE has signed a contract with PYURE to assemble air sanitizers that significantly destroy the COVID-19 virus, as validated by an independent U.S. lab. The partnership aims to produce 55,000 units in the first year, addressing the strong demand in hospitals and schools. PYURE's technology, which generates hydroxyls and organic oxidants, proved effective in reducing airborne and surface virus levels by 99%. This contract not only enhances CAE's role in pandemic response but also supports job retention in Montreal.
CAE announced the second edition of the CAE OneWorld virtual conference and tradeshow set to commence on February 9, 2021. This free event aims to showcase CAE's innovative digital solutions in critical market segments, with a month-long online presence. Keynote presentations will include insights from President and CEO Marc Parent and Group President Dan Gelston. The conference will cover critical topics such as digital immersion and healthcare innovations, featuring a special CAE Healthcare zone to demonstrate simulation-based solutions.