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 will host its 2020 Annual Meeting of Shareholders on August 12, 2020, at 11:00 a.m. ET. CEO Marc Parent will review fiscal year 2020 activities and first-quarter results for FY2021, ending June 30, 2020. The FY2021 Q1 financial results will also be released on the same day, followed by a conference call at 1:30 p.m. ET. The meeting and call will be available via webcast. CAE continues to lead in training for civil aviation, defense, and healthcare markets with over 10,500 employees and extensive global operations.
CAE has released its FY20 Annual Activity and Corporate Social Responsibility report, highlighting its commitment to becoming carbon neutral by Summer 2020 and detailing its creation of the CAE Air1 ventilator in response to COVID-19. The report introduces a section aligned with the Task Force on Climate-related Financial Disclosures (TCFD) and outlines improvements in CAE's sourcing practices for responsible procurement. CAE has also joined the Jantzi Social Index and has been recognized in the Bloomberg Gender-Equality Index for its dedication to gender equality in the workplace.
CAE has received certification from Health Canada for its CAE Air1™ ventilator, designed to aid hospitals in combating COVID-19. This Canadian-made ventilator will support Intensive Care Units and is backed by a contract to manufacture 10,000 units for the Government of Canada. The product features advanced ventilation options and includes training and support for medical staff. Over 500 employees contributed to its development, highlighting CAE's commitment to innovation and self-sufficiency in healthcare.
CAE announced that Todd Probert, Group President of Defence and Security, will step down effective June 26, 2020, to pursue an opportunity within the U.S. National Security community. CAE's President and CEO, Marc Parent, expressed support for Probert's decision. Heidi R. Wood, the newly appointed Executive Vice President of Business Development, will serve as the interim Group President while the search for a new leader begins. CAE remains committed to providing innovative training solutions in the defense sector.