Cae Inc - CAE STOCK NEWS

CAE Inc. announced significant changes to its Board of Directors, effective February 14, 2025. Calin Rovinescu has been appointed as the new Chair of the Board, alongside three new directors: Peter Lee, Katherine A. Lehman, and Louis Têtu. These appointments maintain the Board size at 13 members, as they coincide with the retirement of four existing directors: Alan N. MacGibbon (former Chair), Margaret S. Billson, François Olivier, and David G. Perkins.

The appointments follow consultations with stakeholders and reflect the Board's ongoing composition review. Notably, CDPQ, a major shareholder, nominated Têtu, while Browning West, LP nominated Lee. Peter Lee and Mary Lou Maher will co-chair the CEO Search Committee, working with Rovinescu to continue the recruitment process previously managed by the Board's Human Resources Committee.

CAE has been selected as a strategic partner by the Government of Canada for the Future Fighter Lead-in Training (FFLIT) program, which will prepare pilots to operate Canada's CF-35A fighters. The program aims to provide advanced training with cutting-edge technology for the Royal Canadian Air Force (RCAF).

This partnership follows CAE's recent achievements, including a C$11.2 billion, 25-year contract for Canada's Future Aircrew Training Program through SkyAlyne (CAE's joint venture with KF Aerospace) in May 2024, and a subsequent $1.7 billion sub-contract signed in October 2024 for RCAF pilot training.

As one of Canada's largest defence contractors, CAE brings extensive experience in delivering defence capabilities, including NATO Flying Training in Canada. The company operates across 240 sites in 40 countries, supporting over 70 different platforms.

CAE announced it will release its fiscal year 2025 third quarter financial results on Thursday, February 13, 2025, after market close. A conference call will be held on Friday, February 14, 2025, at 8:00 a.m. ET to discuss the company's performance and outlook with analysts and institutional investors.

The call will feature Marc Parent (President and CEO), Nick Leontidis (COO), Constantino Malatesta (Interim CFO), and Andrew Arnovitz (SVP of Investor Relations). The event will be webcast live at www.cae.com and archived for 90 days. Participants can join via phone using various international access numbers, with instant replay available for 48 hours after the call.

CAE has been recognized on Forbes' Canada's Best Employers 2025 list, following an independent survey conducted in collaboration with Statista. The survey analyzed over 900,000 employer evaluations from more than 40,000 Canada-based employees across various industry sectors, focusing on companies with at least 500 employees.

The evaluation process incorporated both personal assessments from employees and public feedback, with greater emphasis placed on employee evaluations. Chief People and Sustainability Officer Hélène V. Gagnon highlighted the company's collaborative and inclusive culture that empowers innovation.

CAE offers comprehensive benefits including flexible vacation policies, extended parental leave top-ups, sabbaticals, and professional development programs. The company promotes employee engagement through resource groups and maintains a supportive workplace environment. Additionally, CAE has recently been named among Canada's Top 100 Employers and Canada's Top Employers for Young People.

CAE has inaugurated its first Air Traffic Services (ATS) Training Centre in Montreal, marking its entry into air traffic controller training. The facility, launched in partnership with NAV CANADA, began operations in October 2024 with the goal of training approximately 500 air traffic professionals by 2028.

The collaboration involves CAE delivering initial training for air traffic controllers and flight service specialists using NAV CANADA's curriculum, while NAV CANADA continues to handle basic training, specialty courses, and on-the-job training. This partnership represents CAE's first venture with the world's first fully private Air Navigation Service Provider (ANSP).

CAE plans to leverage its global network of over 70 facilities across five continents to expand ATS training based on demand. The company aims to support ANSPs in their airspace modernization efforts through competency-based training design and data-driven technologies.

CAE has announced raising $1,131,166 CAD in its 2024 CAE-Centraide (United Way) campaign, marking the sixth consecutive year surpassing the million-dollar milestone. The funds were collected through employee donations, fundraising activities, and corporate contributions. Since 2000, CAE and its employees have donated over $18.2 million to Centraide, supporting more than 5,000 local communities across Canada. The company's efforts, along with Unifor Local 522, have earned 11 United Way Solidaires awards. In the Greater Montreal area, 1 in 5 people benefit from Centraide's resources.

CAE has been recognized on Forbes' World's Top Companies for Women 2024 list, following an extensive evaluation process involving surveys of approximately 100,000 women across 37 countries. The assessment was based on three key scores: Employer Brand Score, Public Opinion Score, and Leadership Score, collecting over 750,000 data points.

The company demonstrates its commitment to gender equality through various initiatives, including the Professional Women's Network (PWN), Women in aviation and technology (LIFT), and the CAE Women in Flight scholarship program. CAE has also recently been recognized as a Top Diversity Employer by the Financial Times and included in TIME's World's Best Companies 2024.

CAE announced that CEO Marc Parent will leave the company at the August 2025 Annual General Meeting after 20 years of service, including 15 as President and CEO. Under his leadership, CAE's annual revenue nearly doubled to $4.3 billion from $2.2 billion, transforming from an industrial products company into the world leader in aviation training solutions. Parent will continue leading CAE and remain on the Board until his departure, ensuring an effective transition. The Board has initiated a comprehensive global search for his successor, considering both internal and external candidates.

CAE reported Q2 fiscal 2025 results with revenue of $1,136.6 million, up 8% from $1,050.0 million last year. EPS from continuing operations decreased to $0.16 from $0.17, while adjusted EPS was $0.24 vs. $0.26. Operating income increased 21% to $118.1 million. The company secured $3.0 billion in adjusted order intake, resulting in a record $18.0 billion adjusted backlog. Post-quarter, CAE purchased a majority stake in SIMCOM for US$230 million and extended its training agreement with Flexjet to 15 years. Civil Aviation revenue grew 12% to $640.7 million, while Defense revenue increased 4% to $495.9 million.