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CAE Inc. (CAE)

  • Aug. 12, 2013, 3:34 PM
    • CAE (CAE -0.8%) slips again today off Friday's downgrade by BMO Capital to Market Perform.
    • The firm says that combined FQ1 civil margins came in well below the high teens level it hopes to achieve in H214.
    • A large part of the margin disappointment is a function of some disruption from a leadership change in the business combined with a slower than expected ramp up of new simulators and training centers launched over the last 6 months and a high number of simulators that are in a state of flux.
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  • Aug. 8, 2013, 11:09 AM
    • CAE (CAE +2%) says its subsidiary, CAE USA, has been awarded a contract to provide comprehensive Predator and Reaper remotely piloted aircraft aircrew training services to the U.S. Air Force.
    • The contract has a one-year base for $20M with four one-year options that could bring the total to around $100M if exercised.
    • CAE USA will provide classroom, simulator, and live flying instruction as well as courseware development in support of the MQ-1 Predator and MQ-9 Reaper training programs.
    • It's also been awarded a contract by BAE Systems to provide 3 Hawk Mk127 full-mission simulators for the Royal Australian Air Force.
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  • Jan. 12, 2012, 12:07 PM
    Canadian aviation trainer CAE (CAE +4%) moves higher after saying it's sold five full-flight simulators to customers in Asia, netting approximately C$65M on the deals.
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Company Description
CAE Inc and its subsidiaries design, manufacture and supply simulation equipment services and develop integrated training solutions for the military, commercial airlines, , business aircraft operators, among others.