CAE Inc. reports company developments tied to its civil aviation and defense training, simulation, and critical operations businesses. News commonly covers financial results and outlook by segment, including civil pilot, cabin, maintenance, ground-personnel and business-aviation training, full-flight simulators, flight simulation devices, and defense readiness solutions.
Company updates also address transformation actions, capital allocation, portfolio optimization, Flightscape aviation software, leadership appointments, and teaming agreements for defense and security opportunities. CAE’s recurring disclosures frame the business around high-fidelity flight simulators, training networks, mission-system support, and operational execution across global aviation and defense customers.
CAE's virtual Annual Meeting of Shareholders is scheduled for August 12, 2020, at 11:00 a.m. ET. The management will review FY2020 activities and present Q1 FY2021 financial results, with insights from Marc Parent, CEO. Following the meeting, a conference call will begin at 1:30 p.m. ET to discuss performance and outlook, available to analysts and investors. The webcast of both events will be archived for public access.
CAE has appointed Daniel Gelston as Group President of Defence & Security, effective August 24, 2020, succeeding Heidi Wood. Gelston brings over 20 years of experience in the U.S. military and global defence industry, previously serving as President at L3Harris Technologies. His leadership is expected to drive growth in CAE’s Defence sector. Gelston holds degrees in Strategic Intelligence and Economics from Bucknell University and has a military background as an Armor and Military Intelligence Officer.
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.