CAE first Canadian aerospace company to become carbon neutral
Made investments in projects that offset its remaining annual carbon emissions.
CAE to lay off 350 mostly Canadian employees, as Q1 revenue drops
About 200 of the layoffs will be at the flight simulator maker’s headquarters in Montreal.
CAE ventilator receives Health Canada certification, starts shipping
Will manufacture and supply 10,000 ventilators for hospitals across Canada.
CAE foresees ‘major disruptions’ into autumn due to COVID-19
CEO Marc Parent believes 2020-21 “will be a tale of two halves” for the flight simulator manufacturer.
CAE recalls laid-off employees, signs contract with feds for ventilators
Ventilator design and testing is being finalized with an order from the federal government for 10,000 units.
CAE announces 2,600 temporary layoffs in response to COVID-19
The company also announced salary freezes and salary reductions for staff not affected
CAE receives parity certification from Women in Governance
Recognized for launching a diversity and inclusion initiative aimed at strengthening the participation of women.
CAE shares surge to all time high after posting strong cap to a great year
The order backlog reached a record $9.5 billion and the company had 78 full-flight simulators for the year.
CAE forecasts 255,000 pilots needed by 2027, a third in North America
The number of planes is expected to rise from 25,000 this year to 37,000 in 10 years.
Airbus awards CAE $200M contract for RCAF search and rescue aircraft
Includes training facility in BC and options that could raise the value to $300 million.
CAE signs RCAF, US Army training contracts worth $1B
Canadian deal modifies, extends NATO Flying Training program to 2023.
CAE lands aerospace defence contracts worth $120M
Will supply training and simulator technology to US and Austrian military branches.
CAE lands $200M aviation training contracts
Agreements cover flight simulators to training programs.
CAE raises simulator sales forecast after winning US$350M contracts
Company expects to sell more than the 41 full-flight simulators it sold in the last fiscal year.
Bombardier says Chinese woes slowing sales
But Montreal-based aerospace giant says long-term prospects bright.