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CAE INC - CAE STOCK NEWS

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.

CAE Inc. (NYSE: CAE; TSX: CAE) stands as a global leader in training and simulation solutions for the civil aviation, defense and security, and healthcare markets. With over seven decades of innovation, CAE designs and integrates comprehensive training solutions, leveraging the expertise of its 8,000 employees and world-leading simulation technologies. Headquartered in Montreal, Canada, CAE operates 160 sites and training locations in 35 countries, making it the broadest network in the industry.

Civil Aviation: CAE trains more than 120,000 civil and defense crewmembers annually, providing advanced flight simulators and comprehensive pilot training programs. The company also manages a substantial fleet of flight simulators, enhancing accessibility and training efficiency for airlines worldwide.

Defense & Security: CAE offers mission support and training solutions for defense forces, utilizing high-fidelity simulation technologies to prepare military personnel for real-life scenarios. The company's defense projects are focused on improving combat readiness and operational efficiency of military forces globally.

Healthcare: Recent divestitures have seen CAE streamline its focus, yet it remains committed to providing simulation-based healthcare training solutions to nurture the proficiency of medical professionals.

CAE has a strong commitment to sustainability, becoming the first Canadian aerospace company to be carbon-neutral in 2020. The company continues to push the envelope with technological advancements, such as integrating Epic Games' Unreal Engine into its simulators for ultra-realistic training experiences.

Financially, CAE showcases a robust performance with a diversified revenue stream. Despite recent restructuring to optimize cost and streamline operations, CAE maintains strong market leadership in its core domains. Strategic partnerships, innovative technology integrations, and a focus on environmental, social, and governance (ESG) practices underpin CAE’s sustained growth and operational excellence.

Follow CAE on Twitter @CAE_Inc or visit their career page at www.cae.com for more information.

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NAV CANADA and CAE form a strategic partnership to increase training capacity for air traffic controllers and flight service specialists. CAE instructors will deliver initial training using NAV CANADA's curriculum, aiming to support over 500 additional students by 2028. The partnership is set to enhance workforce proficiency and ensure air traffic system safety and efficiency.
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CAE Inc. appoints Jason Goodfriend as Interim Group President of Defense & Security, replacing Daniel Gelston. Srini Dixit joins as CFO. CAE aims to enhance execution and performance in defense sector.
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CAE integrates Epic Games' Unreal Engine into its full-flight simulator to enhance pilot training visuals, achieving Level D qualification. The CAE Prodigy Image Generator offers realistic 3D visuals for a more immersive training experience.
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CAE Inc. (CAE) closes the sale of its Healthcare business to Madison Industries for C$311 million, focusing on deleveraging and technology advancement. The divestiture will lead to restructuring expenses of $40 million over the next two quarters.
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CAE Inc. reported revenue of $1,094.5 million for Q3-2024, up 13% from the previous year. Earnings per share (EPS) declined to $0.18 from $0.24 in the prior year. Adjusted EPS was $0.24 compared to $0.27 last year. Operating income decreased to $121.6 million from $142.1 million. The company secured $1.3 billion in order intake, resulting in an $11.7 billion backlog.
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CAE is set to release its fiscal year 2024 third quarter results on February 14, 2024, followed by a conference call featuring the company's top executives. The call aims to provide a comprehensive review of CAE's performance and outlook to analysts, institutional investors, and the media. The webcast will be available to the public and archived for 90 days following the event.
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CAE (NYSE: CAE) (TSX: CAE) CEO Marc Parent to be inducted as a Living Legend of Aviation at the organization's annual gala on January 19, 2024. Other inductees include Prince Harry, Fred George, and Steve Hinton.
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CAE (NYSE: CAE) (TSX: CAE) sets new record, raising $1.3 million for 2023 CAE-Centraide campaign. CEO Marc Parent expresses gratitude for employee generosity and commitment, highlighting the company's longstanding support for communities in need.
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CAE (NYSE: CAE) (TSX: CAE) has been named one of Canada's Top 100 Employers for the second consecutive year. The company is recognized for its people-centric approach, offering flexible and adaptable workplaces to employees. CAE has introduced various employee-focused initiatives and programs, such as CAEheartbeat, enhancements to the Montreal head office, and hosting large-scale events like Family Day. The company also emphasizes employee well-being, gender equality, and long-term service recognition.
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CAE Inc. (NYSE: CAE) (TSX: CAE) reported revenue of $1,088.5 million for Q2 of fiscal 2024, a 10% increase from the prior year. The company's EPS was $0.18, up from $0.14 in the prior year, and adjusted EPS was $0.27, up from $0.19. Operating income was $100.6 million, and adjusted segment operating income was $138.5 million. CAE also announced the sale of Healthcare for $311 million.
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FAQ

What is the current stock price of CAE (CAE)?

The current stock price of CAE (CAE) is $22.9 as of November 22, 2024.

What is the market cap of CAE (CAE)?

The market cap of CAE (CAE) is approximately 6.0B.

What markets does CAE Inc. serve?

CAE Inc. serves the civil aviation, defense and security, and healthcare markets, providing comprehensive training and simulation solutions.

How many employees does CAE Inc. have?

CAE Inc. employs approximately 8,000 people worldwide.

What is CAE's commitment to sustainability?

CAE is committed to sustainability and became the first Canadian aerospace company to be carbon-neutral in 2020.

Where is CAE Inc. headquartered?

CAE Inc. is headquartered in Montreal, Canada.

How many training locations does CAE operate globally?

CAE operates 160 sites and training locations in 35 countries.

What recent technological advancement has CAE incorporated into its simulators?

CAE has integrated Epic Games' Unreal Engine into its simulators to enhance the realism and effectiveness of pilot training.

What is CAE's role in the defense market?

CAE provides mission support and training solutions for defense forces, utilizing advanced simulation technologies to prepare military personnel for real-life scenarios.

How many civil and defense crewmembers does CAE train annually?

CAE trains more than 120,000 civil and defense crewmembers annually.

What was a significant recent change in CAE's business operations?

CAE recently divested its Healthcare business to focus on its core training, simulation, and aviation software markets.

How can I stay updated with CAE's latest news and developments?

Follow CAE on Twitter @CAE_Inc or visit their website at www.cae.com for the latest updates and news.

CAE INC

NYSE:CAE

CAE Rankings

CAE Stock Data

6.03B
317.99M
0.16%
76.13%
1.19%
Aerospace & Defense
Industrials
Link
United States of America
Saint-Laurent