CAE INC - CAE STOCK NEWS

CAE will host its FY2022 virtual Annual Meeting of Shareholders on August 10, 2022, at 11:00 a.m. ET. Management will review FY2022 activities and present Q1 FY2023 financial results ended June 30, 2022. A dedicated conference call will follow at 1:30 p.m. ET for analysts and institutional investors. CAE emphasizes its role in equipping personnel for critical roles through simulation training and solutions, showcasing over 75 years of industry leadership with a global workforce of 13,000+ employees across 40 countries.

CAE will hold its 2022 Annual Meeting of Shareholders virtually on August 10, 2022, at 11:00 a.m. ET. Key executives including Marc Parent and Sonya Branco will present the activities of fiscal year 2022 and the Q1 fiscal year 2023 financial results. A conference call will follow at 1:30 p.m. ET to discuss these results with analysts and investors. The meeting will be accessible via CAE's investor website.

CAE has announced a partnership with Piper Aircraft to develop an electric conversion kit for the Piper Archer® aircraft. This initiative is set to electrify two-thirds of CAE's Archer training fleet and includes collaboration with H55 for battery systems and Safran for the electric smart motor. The project is part of CAE's $1 billion investment in innovation over five years, supported by the Canadian and Quebec governments. The electric variant aims to reduce carbon emissions and noise levels at flight schools globally, enhancing the sustainability of aviation practices.

Vertical Aerospace (NYSE: EVTL) has selected CAE (NYSE: CAE) as its training partner for the VX4 eVTOL aircraft. This partnership includes the development of a tailored pilot training program using next-gen flight simulators. Both companies share a customer base, facilitating the integration of Advanced Air Mobility training. The collaboration aims to enhance safety and scalability in pilot training, with efforts commencing three years before the VX4's expected 2025 entry into service.

CAE has relaunched its Women in Flight scholarship program at the Farnborough International Airshow 2022 to inspire more women to become commercial pilots. easyJet is partnering with CAE, offering one candidate a job opportunity and funding for pilot training. Since its inception in 2018, six women have benefitted from the program. Currently, only 5% of professional pilots are women. CAE aims to address this gender gap and fulfill the industry's need for 260,000 new pilots in the next decade.

CAE unveiled a new visual brand identity and logo, signaling a commitment to innovation as it celebrates 75 years in the industry. This refresh aims to reflect CAE's bold vision for the future and its mission of enhancing safety through advanced technologies. Recently, CAE made nine acquisitions, expanding its capabilities and indicating strategic growth. The company will invest C$1 billion in innovation over the next five years, integrating digital and physical realms to improve training and operational solutions.

CAE has released its Annual Activity and Corporate Social Responsibility (CSR) report, showcasing achievements in environmental, social, and governance (ESG) initiatives. Key highlights include:

• Environmental: Achieved carbon neutrality for two consecutive years and utilized renewable energy across its operations.
• Social: Supported humanitarian efforts in Ukraine and Germany, while reinforcing human rights practices.
• Governance: Completed a CSR roadmap and enhanced supply chain management.

CAE continues to integrate sustainability into its core strategy, impacting customer experience positively.

On June 22, 2022, CAE's President and CEO, Marc Parent, was honored as a Knight of the Ordre national du Québec, recognizing his significant contribution to Québec's economy. Under his leadership, CAE expanded its capabilities with nine acquisitions since March 2020 and became the first Canadian aerospace firm to achieve carbon neutrality in 2020. Mr. Parent also played a pivotal role in launching a COVID-19 vaccination initiative in Québec that administered nearly 400,000 doses. Recently, he was inducted into Québec's Air and Space Hall of Fame for his leadership and innovation.

CAE has partnered with Behaviour Interactive to integrate video game technology into large-scale training solutions. This collaboration aims to create innovative training technologies that enhance safety and operational efficiency. CAE will gain exclusive access to Behaviour's multidisciplinary teams, boosting its capabilities in immersive digital solutions. The partnership aligns with CAE's commitment to Canadian innovation under the Industrial and Technological Benefits Policy, reinforcing its position as a leader in emerging technologies.