CAE Inc.(formerlyCanadian Aviation Electronics) is aCanadianmanufacturer ofsimulationtechnologies, modelling technologies and training services to airlines, aircraft manufacturers,anddefencecustomers. CAE was founded in 1947, and has manufacturing operations and training facilities in 35 countries.
 | |
| Company type | Public |
|---|---|
| |
| Industry | Aerospace |
| Founded | 1947inSaint-Hubert, Quebec,Canada |
| Headquarters | Montreal,Quebec,Canada |
Key people | Marc Parent(CEO) |
| Products | Defence & Security training solutions, Aviation Simulation Equipment, Aviation Training, Aviation Services, Aviation Software |
| Revenue |  US$4.2 billion(2023) |
| US$474 million(2023) | |
| US$232 million(2023) | |
| Total assets | US$10.4 billion(2023) |
| Total equity | US$4.6 billion(2023) |
Number of employees | 13,000 (2023)[1] |
| Divisions | Civil Aviation Training Solutions, Defence & Security, Aviation Software |
| Website | www |
| Footnotes / references Financials as of 31 March 2023[update][2] | |
Flight simulators
editCAE sellsflight simulatorsand training devices to airlines, aircraft manufacturers and training centres. It licenses its simulation software to various market segments and has a professional services division.
The simulators include basic training devices CAE 400XR and CAE 500XR, and full-motion products such as the CAE 3000, CAE 5000 and CAE 7000XR. These simulators are available for commercial use. In 2016, the company sold 53 Full-Flight Simulators.[3]
In 2001, CAE Inc. acquiredBAE Systems's Flight Simulation and Training division, formerly known as Reflectone Inc,[4]a publicly listed company founded in 1939, and based inTampa, Florida.Reflectone sold flight simulators to the military and provided pilot training on its premises.[5]
In 2021, CAE announced the purchase of the Military Training businesses ofL3Harris Technologies;the purchase includes Link Simulation & Training which traces its corporate history to the original flight simulators designed and built byEd Link.[6]
Pilot training
editCAE conducts airline pilot training and business jet pilot training in its 50 aviation training centres worldwide.[7]
In the United States, the firm is a supplier of initial and recurrency training for airlines such as JetBlue[8]and non-airline based companies, including charter and cargo operators. In December 2001, the firm acquired Simuflite training centers inDallas,Texas,andMorristown,New Jersey,which are now calledCAE SimuFlite.[9]The facility atDallas/Fort Worth International Airportis the largest business aviation training facility in the world at 426,000 sq ft (39,600 m2), with 34 simulators and approximately 450 employees.[10][citation needed]
In February 2016, CAE Inc. acquired one of its competitors, Lockheed Martin Commercial Flight Training, formerly known as Sim-Industries.[11][12][13]
CAE also operates theCAE Oxford Aviation Academy,the largestab initioflight training network in the world, with a fleet of over 220 aircraft and seven campuses worldwide,[14]CAE Global Academy Phoenix,andSabena Flight Academyin Belgium.
As of February 2020, CAE also works together with Airways Aviation Academy, formerly known as ESMA in Montpellier, South of France, for training students from Oxford and Brussels.
Healthcare
editIn 2011, CAE purchased Medical Education Technologies Inc. (METI), a Sarasota-based company known for its patient simulator, the HPS.[15]In October 2023, CAE announced the sale of its Healthcare business to Chicago-based Madison Industries for an enterprise value of C$311 million, subject to customary adjustments.[16]
Corporate governance
editThe CEO,Marc Parent,was named in this role in October 2009. He has more than 25 years of experience in the aerospace industry. Born in Montreal, Parent is a graduate of Mechanical Engineering from Montreal's École Polytechnique and attended Harvard Business School's six-week Advanced Management Program.[17]
In October 2008, CAE was named one of "Canada's Top 100 Employers"by Mediacorp Canada Inc., and was featured inMaclean'snewsmagazine.[18]
Publications
editIn September 2021, with theUK P&I ClubandWitherbys,CAE launched a safety publication entitledMaritime Team Dynamics,a safety book comparing aviation and maritime incidents.[19][20]
References
edit- ^"CAE People and Safety".Retrieved2023-01-17.
- ^"2023 Consolidated Financial Statements".U.S. Securities and Exchange Commission. 22 June 2023.
- ^"Flight-simulator builder CAE soars as it hits record revenues, profits | Toronto Star".thestar.19 May 2016.Retrieved2017-01-06.
- ^"BAE sells former Reflectone to Canada's CAE".Flight Global.Reed Business Information. 20 February 2001.Retrieved23 November2013.
- ^Hagstrom, Suzy (15 September 1986)."Erratic Stock".Orlando Sentinel.Retrieved23 November2013.
- ^"CAE".
- ^CAE."CAE - Civil Aviation Training".cae.Archived fromthe originalon 2017-01-05.Retrieved2017-01-06.
- ^Close, Kerry (March 7, 2016)."JetBlue Wants to Train You to Become a Pilot".Money.Archivedfrom the original on August 5, 2020.Retrieved2017-01-06.
- ^"CAE Concludes Acquisition of Leading Business Jet Training Company, Simuflite Training International Inc".defense-aerospace.Archived fromthe originalon 2017-01-07.Retrieved2017-01-06.
- ^"New training centers meet soaring pilot demand | Aviation Week Network".aviationweek.Retrieved2020-02-20.
- ^"CAE strikes deal for Lockheed Martin flight training unit".Retrieved2020-02-04.
- ^"CAE".cae.Retrieved2020-02-04.
- ^"CAE To Acquire Lockheed Martin Commercial Flight Training Business - Defense Daily".defensedaily.22 February 2016.Retrieved2020-02-04.
- ^"Pilot Training Programs - CAE Oxford Aviation Academy".caeoaa.Archived fromthe originalon 2016-12-28.Retrieved2017-01-06.
- ^"CAE Healthcare acquires METI and becomes a leader in simulation-based technology for healthcare".Yahoo Finance Canada.Archived fromthe originalon 2017-01-07.Retrieved2017-01-06.
- ^"CAE".cae.Retrieved2023-10-26.
- ^"Canadian Club › Marc Parent".cerclecanadien-montreal.ca.Archived fromthe originalon 2017-01-07.Retrieved2017-01-06.
- ^"Reasons for Selection, 2009 Canada's Top 100 Employers Competition".
- ^"UK P&I Club launches safety book in conjunction with CAE".Hellenic Shipping News.Retrieved26 September2021.
- ^"New Book Compares Aviation and Maritime Safety and How to Avoid Incidents".Handy Shipping Guide.Retrieved26 September2021.