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By   Theresa Hitchens on March 01, 2021 at 1:37 PM Raytheon’s T-6 trainer is used by the Air Force and Navy for basic pilot training. WASHINGTON: CAE’s acquisition of L3Harris’s Military Training unit continues the Canadian firm’s efforts to expand and broaden its US defense portfolio, especially with the Air Force, say company officials and industry analysts. “CAE will be a very good parent, hungry to grow its USAF training portfolio, plus become a larger DoD contractor,” one US market analyst said in an email. “The proposed acquisition represents a significant value creatio...

The CAE headquarters is seen Thursday, May 14, 2009 in Montreal. THE CANADIAN PRESS/Paul Chiasson March 01, 2021 - 6:01 AM MONTREAL - CAE Inc. announced a deal Monday with U.S. company L3Harris Technologies to buy the company's military training business for US$1.05 billion. The L3Harris military training business includes Link Simulation & Training, Doss Aviation and AMI. "We are adding new customers, experience on new platforms and building our depth of expertise to address all domains – air, land, sea, space and cyber – as well as expanding into adjacent markets...

By Jon Hemmerdinger2021-02-12T23:07:00+00:00 Canadian pilot training company CAE’s civil aerospace business turned a C$48 million ($38 million) operating profit in the third quarter of the company’s 2021 fiscal year despite the pandemic driving revenue down by more than half. Despite the ongoing downturn, CAE chief executive Marc Parent remains bullish about the company’s long-term prospects, predicting CAE will “emerge from this period with even greater strength”. Source: CAE CAE flight simulators The civil division’s operating profit in the three-month period ending in Decembe...

Good day ladies and gentlemen. Welcome to the CAE Third Quarter Conference Call. [Operator Instructions] I would now like to turn the meeting over to Mr. Andrew Arnovitz. You may now proceed Mr. Arnovitz. Andrew Arnovitz -- Good afternoon, everyone, and thank you for joining us today. Before we begin, I'd like to remind you that today's remarks, including management's outlook for FY21 and answers to questions contain forward-looking statements. These forward-looking statements represent our expectations as of today, February 12, 2021 and accordingly are subject to change. Such statements are...

CAE reports third quarter fiscal 2021 results News provided by Share this article Share this article Revenue of $832.4 million up 18% vs. second quarter and down 10% vs. third quarter last year EPS of $0.18 ($0.22 before specific items (1)) vs. negative $0.02 ($0.13 before specific items) in the second quarter and $0.37 ($0.37 before specific items) in the third quarter last year Operating profit (2) of $82.9 million vs. $28.2 million in the second quarter and $154.9 million in the third quarter last year Segment operating income before specific items (3) of $97.2 million vs. $79.3 million in...