Headquartered in Saint-laurent, QC Fiscal year ends March NYSE: CAE cae.com
CAE Inc. provides training, simulation and critical operations solutions for civil aviation and defence and security customers.
It reports two segments:
- **Civil Aviation:** designs and sells high-fidelity full-flight simulators. It operates a global network of 373 FFSs, where it trains pilots, cabin crew and maintenance technicians for commercial airlines and business aviation operators under long-term training agreements.
- **Defense and Security:** delivers training systems, simulation products and program services to defence forces, largely under long-term government contracts, many with the U.S. government.
CAE has sites and training locations in over 40 countries and an adjusted backlog of about C$19.6 billion. It is executing a multi-year transformation plan focused on portfolio simplification, capital discipline and operational performance. This includes the pending sale of its Flightscape flight operations software business to SITA for US$500 million. CAE reports in Canadian dollars under IFRS and is exploring a transition to U.S. GAAP. It is listed on the NYSE and TSX under the ticker CAE. Updated
Defense carried the quarter, with segment operating income up 43%, enough to offset softer simulator sales and a revenue miss. Management raised full-year adjusted EPS guidance to $1.28 to $1.35 from $1.21 to $1.28.
CAE Inc. provides training, simulation and critical operations solutions for civil aviation and defence and security customers. It reports two segments: - **Civil Aviation:** designs and sells high-fidelity full-flight simulators.
24/7 Wall St.'s 12-month price target for CAE is $25.39, rated Hold. The Wall Street consensus target is $32.60. CAE price prediction →