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Articles by Andrew Arnovitz
CAE Defense & Security celebrates the opening of the U.S. headquarters facility in Tampa
CAE, a global leader in training and simulation, today celebrates the inauguration of its new training and simulation facility in Tampa, headquarters to the U.S. Division of CAE Defense & Security (CAE USA). The official ribbon cutting welcomes industry leaders, government officials, and distinguished guests to the modern facility dedicated to strengthening the U.S. defense sector. The CAE Tampa training center, a 326,000 sq. ft.
CAE secures U.S. Navy Foreign Military Sales Contract to support MH-60R pilot and mission crew training for India
CAE today announced that CAE Defense & Security USA has been awarded a contract by the United States Navy under a U.S. Foreign Military Sales (FMS) program to provide two training devices and support of training MH-60R Seahawk helicopter pilots and mission crew to the Indian Navy.
Advisory: CAE’s FY2025 Q1 financial results conference call and Annual Meeting of Shareholders 2024
Montreal, Canada, August, 7, 2024 – (NYSE: CAE; TSX: CAE) Analysts and institutional investors are invited to virtually attend CAE's FY2025 Q1 financial results conference call on Wednesday, August 14, at 8:00 a.m. Eastern Time (ET). CAE will also hold its FY2024 Annual Meeting of Shareholders at 11:00 a.m. ET on the same day via a live webcast. Please see below for details.
Flight Training Alliance deploys an Airbus A220 Full Flight Simulator in Rome at ITA Airways Flight Centre
Flight Training Alliance (FTA), a joint venture between Lufthansa Aviation Training and CAE, and an Airbus Authorized Training Provider, inaugurated a state-of-the-art CAE-built 7000XR Airbus A220 full-flight simulator (FFS).This latest generation FFS is designed to replicate the flight characteristics and systems of the Airbus A220 and will be located at the ITA Airways Flight Centre at Rome Fiumicino International Airport.
CAE announces Chief Financial Officer transition
CAE Inc. (CAE or the Company) today announced that Sonya Branco, Executive Vice President, Finance and Chief Financial Officer (“CFO”), has advised the company of her intention to step down from her position at the end of August to pursue interests outside of CAE. As part of CAE’s succession plan, Constantino Malatesta, Chief Accounting Officer and Vice-President, Controller Office, will become interim CFO following Ms. Branco’s departure.
CAE’s FY24 Global Annual Activity and Sustainability Report: a year of strategic advancement and sustainable growth
CAE (NYSE: CAE; TSX: CAE) is pleased to unveil its fiscal year 2024 Global Annual Activity and Sustainability Report. This extensive document highlights CAE’s proactive strides in integrating environmental, social, and economic factors across its operations. This showcases the tangible actions undertaken to foster sustainable growth and yield positive outcomes for stakeholders and broader society.
Icelandair invests in state-of-the-art CAE full-flight simulator to train Airbus A320 and A321 pilots in Reykjavík
Icelandair and CAE today announced an agreement for the acquisition of a state-of-the-art Airbus A320-family full-flight simulator (FFS) to support the entry-into-service of the airline’s new Airbus A321 fleet in 2025. The new CAE FFS sold to Icelandair will be installed at the CAE Reykjavík - Icelandair Flight Training Centre, a joint venture between the two companies, and will be ready for training by the end of 2025.
CAE inaugurates Savannah, Georgia training center for Gulfstream pilots and maintenance technicians
CAE today inaugurated its first Gulfstream-dedicated business aviation training center, which will be a key component to training more pilots and maintenance technicians over the coming decades. Located near Gulfstream Aerospace Corp. headquarters in Savannah, the new center has a capacity for up to four full-flight simulators (FFS). The first, a Gulfstream G550 FFS, began operating last January, and the second, a Gulfstream G280 FFS, will be ready for training in July.
CAE Board of Directors announces that nominees for 2024 Annual General Meeting will include Ian Edwards as a new Director candidate
The Board of Directors of CAE Inc. (CAE or the Company) today announced the nomination of Ian L. Edwards for election to the Board at CAE’s Annual General Meeting (AGM) scheduled for August 14, 2024. Mr. Edwards is the President and Chief Executive Officer of the global professional services and project management company AtkinsRéalis Group Inc., formerly SNC-Lavalin. The other nominees to CAE’s Board consist of 12 current directors, five of whom joined the Board since 2022.
CAE’s SkyAlyne joint venture awarded C$11.2 billion, 25-year contract for Canada’s Future Aircrew Training Program
CAE announced that its SkyAlyne joint venture was today awarded a C$11.2 billion, 25-year contract for Canada’s Future Aircrew Training (FAcT) Program. “CAE has proudly worked alongside the Royal Canadian Air Force (RCAF) for more than 75 years to design and deliver training, services, and technologies that support the mission readiness of Canada’s aviators,” said Marc Parent, CAE’s President and Chief Executive Officer.
CAE signs agreement with Wizz Air for next-generation Flight Operations Solutions software
CAE announced today that it has signed a multi-year agreement with the European ultra-low-cost carrier, Wizz Air, to equip the rapidly-growing airline with its feature-rich Operations Control and Crew Management software, part of CAE's comprehensive suite of Flight Operations platform. Wizz Air will also implement CAE's Recovery Manager solutions for operational and crew disruptions.
CAE receives regulatory approval for normal course issuer bid
CAE Inc. today announced that it has received regulatory approval to proceed with its previously-announced normal course issuer bid (“NCIB”) to purchase, for cancellation, up to 15,932,187 of its common shares commencing May 30, 2024 and ending May 29, 2025. The maximum number of common shares that may be repurchased under the program represents approximately five percent (5%) of the issued and outstanding common shares of CAE.
Media Advisory: CAE’s fourth quarter and full-year FY2024 financial results and conference call
About CAE At CAE, we equip people in critical roles with the expertise and solutions to create a safer world. As a technology company, we digitalize the physical world, deploying software-based simulation training and critical operations support solutions. Above all else, we empower pilots, cabin crew, maintenance technicians, airlines, business aviation operators, and defence and security forces to perform at their best every day and when the stakes are the highest.
CAE announces re-baselining of its Defense business, Defense impairments, accelerated risk recognition on Legacy Contracts and appointment of Nick Leontidis as COO
CAE Inc. (CAE or the Company) today announced a re-baselining of its Defense business along with Defense impairments and unfavourable contract adjustments related to eight previously identified fixed-price legacy contracts (the Legacy Contracts).
CAE announces changes to its Board of Directors
Montreal, Canada, May 16, 2024 - (NYSE: CAE; TSX: CAE) CAE Inc. (CAE or the Company) today announced the appointment of Patrick Decostre to the Board of Directors, effective immediately. Mr. Decostre is President, Chief Executive Officer and a director of Boralex Inc., a provider of affordable renewable energy in North America and Europe.
NAV CANADA and CAE form partnership to train Air Traffic Controllers and Flight Service Specialists
CAE to deliver initial training for air traffic controllers and flight service specialists at the new Air Traffic Services Training Centre in Montreal. Partnership increases training capacity at NAV CANADA across the country and is expected to support the training for over 500 additional students by 2028. NAV CANADA and CAE today announced that they have signed a strategic agreement to increase training capacity for crucial air traffic services professionals.
CAE announces changes to its Defense & Security business leadership team
CAE Inc. today announced changes to its Defense & Security business unit’s leadership team. Jason Goodfriend has been appointed Interim Group President, Defense & Security, effective immediately. Mr. Goodfriend replaces Daniel Gelston, who will remain at CAE in a supporting capacity through May 2024. CAE thanks Mr. Gelston for his vision, leadership and many accomplishments and wishes him well in his future endeavours.
CAE reports first quarter fiscal 2025 results
Revenue of $1,072.5 million vs. $1,012.0 million in prior year Earnings per share (EPS) from continuing operations of $0.15 vs. $0.20 in prior year Adjusted EPS(1) of $0.21 vs. $0.24 in prior year Operating income of $108.6 million vs. $128.3 million in prior year Adjusted segment operating income(1) of $134.2 million vs.
CAE reports fourth quarter and full fiscal year 2024 results
CAE Inc. (CAE or the Company) today reported its financial report for the fiscal year ended March 31, 2024. Financial results are unchanged from preliminary data that CAE disclosed on May 21, 2024, including the re-baselining of the Defense & Security business along with Defense & Security impairments and unfavourable contract adjustments related to eight previously identified fixed-price legacy contracts (the Legacy Contracts). All financial information is in Canadian dollars.
Air Canada and CAE Announce 2024 Judy Cameron Scholarship Winners
The two global aviation companies continue to foster the next generation of women in aviation Eight women awarded Judy Cameron scholarships as program celebrates fifth anniversary Today on International Women’s Day, Air Canada and CAE are proud to announce the eight winners of the 2024 Captain Judy Cameron Scholarships.
Embraer and CAE inaugurate Asia Pacific’s first E-Jets E2 full flight simulator in Singapore
Embraer (NYSE: ERJ; B3: EMBR3) and CAE (NYSE: CAE; TSX: CAE) today officially inaugurated the Asia Pacific (APAC) region's first E-Jets E2 full flight simulator (FFS) in Singapore. E-Jets E2 training is the latest program offered by the recently expanded Embraer CAE Training Services (ECTS) joint venture.
CAE closes the sale of its Healthcare business to Madison Industries
Montreal, Canada, February 16, 2024 - (NYSE: CAE; TSX: CAE) CAE Inc. (CAE or the Company) today announced the closing of the sale of its Healthcare business to Madison Industries for an enterprise value of C$311 million, subject to customary adjustments. This follows CAE’s announcement on October 24, 2023, of the execution of a definitive agreement in respect of the transaction.
CAE and Global Crossing Airlines (GlobalX) sign exclusive A320 pilot training agreement
CAE today announced that it has signed a long-term exclusive pilot training agreement with Global Crossing Airlines (GlobalX) to deploy and operate an Airbus A320 family full-flight simulator (FFS) in Miami, Florida. The FFS is scheduled to be ready for training in the first quarter of 2024 to support GlobalX’s ongoing growth and the expansion of its Airbus A321 freighter fleet.
CAE Healthcare and SimHawk Form Strategic Alliance to Enhance Training Efficiencies with Multimodal Simulation in Ultrasound
CAE Healthcare, a global leader in healthcare simulation solutions, recently announced their partnership with SimHawk to enhance the efficiency and effectiveness of ultrasound education. This collaboration will optimize and streamline ultrasound learning by pairing SimHawk’s didactic and motion-based applied learning and CAE Healthcare’s manikin-based simulation offered through the CAE Vimedix product line.
GigXR and CAE Healthcare Form Strategic Alliance to Enhance Training Efficiencies with Multimodal Simulation
Shared vision for multimodal simulation spans analog, immersive and digital techniques Multimodal delivery meets diverse healthcare learning environments and needs GigXR and CAE Healthcare to showcase partnership potential at IMSH 2024 GigXR Inc., a global provider of extended reality (XR) solutions for healthcare training, and CAE Healthcare announced today their partnership to enhance the efficiency and effectiveness of clinical simulation.
CAE
CAE GmbH has delivered a fully equipped NH90 training centre to the German Navy during an official ceremony at the facility. Members of the NATO Support and Procurement Agency (NSPA), Federal Office of Bundeswehr Equipment, Information Technology and In-Service Support (BAAINBw), Naval Command, Naval Support Command and local government officials joined the event to celebrate the hand-over and start of operations at the state-of-the-art training centre supporting naval aviators and crew.
CAE
CAE (NYSE: CAE; TSX: CAE) and Riyadh Air today announced an agreement for the purchase of two state-of-the-art Boeing 787 CAE7000XR full-flight simulators (FFS) and a Boeing 787 flight training device (FTD) to support the new airline as it continues its journey to take off in 2025. CAE and Riyadh Air will work in partnership with Prince Sultan University to deploy the simulators in 2024 at a purpose-built facility at the newly established College of Aviation and Space, in Riyadh, Saudi Arabia.
CAE
Montreal, December 7, 2023 – (NYSE: CAE; TSX: CAE) CAE announced today that it has reached a new record in funds raised for the 2023 CAE-Centraide (United Way) campaign. This year, CAE raised $1.3 million through employee donations, fundraising activities, and a corporate donation.
CAE
About CAE At CAE, we equip people in critical roles with the expertise and solutions to create a safer world. As a technology company, we digitalize the physical world, deploying software-based simulation training and critical operations support solutions. Above all else, we empower pilots, cabin crew, airlines, defence and security forces and healthcare practitioners to perform at their best every day and when the stakes are the highest.
CAE
CAE Australia announced it has commenced a research project in partnership with UNSW (University of New South Wales) as part of the Australian Government’s Department of Education Trailblazer Universities Program. Combining the expertise of CAE and UNSW, the project aims to develop a unique assessment system that leverages modern learning approaches and artificial intelligence to improve the training experience and performance of Australia’s Mission Aircrew.
CAE
• New agreement expands on Air India’s use of CAE Operations Control solutions to all Air India Group airlines • CAE Crew Management to be integrated at Air India and across all Air India Group airlines CAE today announced at the Dubai International Airshow that it has signed a multi-year contract to provide its advanced Crew Management and Operations Control solutions to the Air India Group airlines.
CAE
Air Canada and CAE, two Montreal-based global aviation companies, today marked the fifth anniversary of the Captain Judy Cameron Scholarship and announced that applications for the 2024 edition of the Scholarship are now open. Up to eight young Canadian women studying to become commercial pilots or aircraft maintenance engineers will be awarded scholarships to pursue their training in 2024.
CAE
New program addresses increased need for business aviation pilots while enhancing safety CAE (NYSE: CAE; TSX: CAE) and Sun Air Jets today announced at the National Business Aviation Association Conference and Exhibition that they are collaborating on an innovative Pilot Development Program (PDP) to enhance safety and address the increased need for business aviation pilots.
CAE
CAE and Aircraft Performance Group (APG), a leading provider of cutting-edge flight operations software and applications, today unveiled a strategic partnership that will harness APG’s expertise in aircraft performance and runway analysis instruction to enhance CAE’s business aviation training. “The continuous training of aviation professionals is a key part of APG’s strategy,” said Shawn Mechelke, President of APG.
CAE
CAE today announced at the NBAA Business Aviation Conference and Exhibition the launch of its innovative Master Technician Program for organizations and individuals who seek to attain the highest standards of technical excellence and professionalism in business aircraft maintenance. The new program builds on CAE’s previous Master Technician program by offering technicians the flexibility to enhance their skills and competencies along two distinct tracks: Specialist and People Leader.
CAE
Two new Phenom 300 simulators to be deployed in Las Vegas and London Burgess Hill Both simulators to enter service as part of Embraer-CAE Training Services in 2024 Embraer and CAE announced today that their joint venture, Embraer-CAE Training Services (ECTS), will add training capacity with the deployment of two new Phenom 300 full-flight simulators (FFS) to meet the growing demand for pilot training in Europe and the United States.
CAE
Air Transat and CAE today announced the launch of Ascension Academy, a new cadet training program that enables the airline to build a pipeline of qualified pilots trained to the highest standards. The Ascension Academy program offers aspiring pilots a pathway to earn their wings at CAE’s flight academy, and the opportunity to begin their career as a second-in-command upon completion of their type rating with Air Transat. Applications are now being accepted for training beginning in February 2024.
CAE
CAE and Air Europa today announced that they are building on their longstanding partnership with a long-term agreement to provide pilot and cabin crew training in Madrid, Spain. As part of this agreement, CAE will deploy a B737NG full-flight simulator (FFS) at its Madrid training centre in October 2023. The latest-generation CAE 7000 XR-Series Level D FFS will provide an immersive pilot training experience and add training capacity to support the growth of Air Europa and Air Europa Express.
CAE
Today, at the Defence and Security Equipment International (DSEI) conference, CAE [NYSE: CAE; TSX: CAE] signed a Memorandum of Understanding (MOU) with Textron Aviation Defense LLC that expands efforts to support defence force preparation, integrate next-generation aircraft and develop advanced capabilities.
CAE
Embraer and CAE announced today at the 2023 Asia Pacific Airline Training Symposium (APATS) that they are expanding their longstanding joint venture to include pilot and cabin crew training for the Embraer E-Jet E2 family of commercial aircraft. Embraer-CAE Training Services (ECTS) will launch a new pilot training program and deploy a state-of-the-art E-Jet E2 full-flight simulator (FFS) at the Singapore-CAE Flight Training Centre where training is scheduled to begin in December 2023.
CAE
Global aviation training leader, CAE, today announced at the Asia Pacific Airline Training Symposium (APATS) that it has secured a 10-year pilot training agreement with Batik Air. CAE will deploy and operate an advanced B737 MAX full-flight simulator at Batik Air's facility in Kuala Lumpur, ensuring a world-class training experience for the airline’s pilots.
CAE
CAE today announced that CAE Defense & Security has been awarded a contract from Leidos on the Department of Defense’s Sentinel task order for a dedicated Full Flight Simulator (FFS) in the Bombardier Global 6000/6500 configuration at the Dothan Training Center to support the High Accuracy Detection and Exploitation System (HADES).
CAE
CAE Australia today announced that Adacel, a global leader in air traffic control training and simulation solutions, has joined the CAE-led Team AUStringer in response to the Commonwealth of Australia’s Project AIR 5428 Phase 3, for RAAF’s Future Air Mission Training System (F-AMTS).
CAE
About CAE At CAE, we equip people in critical roles with the expertise and solutions to create a safer world. As a technology company, we digitalize the physical world, deploying software-based simulation training and critical operations support solutions. Above all else, we empower pilots, cabin crew, airlines, defence and security forces and healthcare practitioners to perform at their best every day and when the stakes are the highest.
CAE
CAE USA has been awarded the U.S. Army’s Phase II rapid prototyping effort supporting the Soldier Virtual Trainer (SVT) program. The Other Transactional Authority award is a 20-month effort to finalize the prototype of the Weapons Skills Development, the SVT Core computational system, and the Intelligent Tutor.
CAE
Representatives of the media, analysts and institutional investors, are invited to virtually attend CAE's FY2023 annual and special meeting of shareholders on Wednesday, August 9, at 11:00 a.m. Eastern Time (ET). CAE will also release its fiscal year 2024 first quarter financial results on August 9, 2023. A conference call will be held at 2:00 p.m. ET to provide analysts and institutional investors with a review of CAE’s performance. Please see below for details.
CAE
CAE has released its FY23 Global Annual Activity and Sustainability report, showcasing the company’s ongoing efforts to integrating environmental, social and economic considerations into its operations, and underscoring its dedication to long-term success and creation of positive impacts for its stakeholders and society as a whole.
CAE
-- CAE Australia partners with UNSW Sydney to support women in engineering and technology studies. -- CAE has awarded undergraduate student Natalie Jordanov the CAE Australia Pty Ltd Women in Engineering Scholarship in partnership with UNSW (University of New South Wales). The scholarship is designed to support women pursuing careers in engineering and technology by providing financial assistance and industry mentorship opportunities.
CAE
CAE Inc. (CAE or the Company) today announced that it has reached a definitive agreement to sell CAE’s Healthcare business to Chicago-based Madison Industries for an enterprise value of C$311 million, subject to customary adjustments. “We are proud of the significant contribution to patient safety that CAE Healthcare has made,” said Marc Parent, President and CEO of CAE.
CAE
CAE today released at the Paris International Airshow its 2023 Aviation Talent Forecast, which anticipates a global need for 1.3 million new aviation professionals to join the industry as pilots, aircraft maintenance technicians and cabin crew over the next 10 years to support the expected growth of the commercial and business aviation markets.
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