Cae Inc - CAE STOCK NEWS

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.

CAE USA has been awarded a competitive recompete contract by the United States Air Force (USAF) to provide KC-135 training services, valued at over US$275 million over eight years. This includes classroom and simulator training for over 4,500 KC-135 crew members annually at 12 U.S. and international sites. The contract allows CAE to continue supporting KC-135 operations, including updates and upgrades to training equipment. This achievement reinforces CAE's longstanding relationship with the USAF since it became the prime contractor in 2010.

CAE has announced its acquisition of Merlot Aero Limited for US$25 million, plus up to US$10 million in earn-out incentives. This strategic move strengthens CAE's digital flight operations portfolio and expands its addressable market in airline crew management and optimization software. The acquisition is CAE's third since November and underscores the company's commitment to unifying digital flight operations. Marc Parent, CEO of CAE, emphasized the growing demand for these services accelerated by COVID-19.

CAE has raised $1 million for the Centraide of Greater Montreal during its 2020 fundraising campaign, marking the second consecutive year of achieving this milestone despite challenges posed by the COVID-19 pandemic. The funds were collected through employee donations, fundraising events, and corporate contributions. Since 2000, CAE and its employees have donated $13.6 million to Centraide. This initiative reflects CAE's commitment to community support and highlights the generosity of its workforce.

CAE has appointed Ben Nicholson as Vice President of Washington Operations, effective December 14, 2020. Based in Washington, D.C., Nicholson brings over 21 years of experience in government relations and national security business sectors. His role includes strengthening CAE's ties with the U.S. government and providing insights on policy related to defense, civil aviation, and healthcare. Previously, he held significant positions at Honeywell and L3 Technologies, emphasizing his extensive background in U.S. government operations.

CAE announced that Hélène V. Gagnon, Senior VP of Public Affairs and Global Communications, has been inducted into the Canadian Public Relations Society's College of Fellows. This honor, announced on December 2, 2020, recognizes her significant contributions and commitment to the public relations profession. Gagnon has over 20 years of experience and leads CAE's global communications and stakeholder relations. CAE continues to demonstrate leadership in the aerospace industry, with over 60% of its revenue being recurring, and a workforce of approximately 10,000 employees globally.

CAE has announced that Sonya Branco, its CFO, has been recognized as one of Canada's Top 100 Most Powerful Women of 2020 in the C-Suite Executives category. This accolade acknowledges women who significantly influence their organizations and promote workplace diversity.

Branco joined CAE in 2016 and manages financial operations in over 35 countries. CAE, a leader in digital immersion solutions, boasts around 10,000 employees and generates over 60% of its revenue from recurring sources.

On November 30, 2020, CAE Inc. completed a bought deal offering of common shares, generating approximately $495 million in gross proceeds. The offering involved the sale of 11,569,000 common shares at $29.85 each, including an over-allotment option. Additionally, 5,025,126 shares were issued through a concurrent private placement with a subsidiary of Caisse de dépôt et placement du Québec. Proceeds will support general corporate purposes, including funding acquisitions and debt repayment, enhancing CAE's strategic growth potential.

CAE's President and CEO, Marc Parent, has been appointed as a Member of the Order of Canada by Governor General Julie Payette. This prestigious honor recognizes Parent's significant contributions to the development of the Canadian aerospace industry.

Under his leadership, CAE has excelled in various sectors, including civil aviation and healthcare. Parent began his career at Bombardier Canadair and has been with CAE since 2005, becoming CEO in 2009. His commitment to community service and industry advocacy has greatly influenced CAE's reputation and operations.