CAE Inc.
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| Type | Public company |
|---|---|
| Industry | Aerospace |
| Founded | Saint-Hubert, Quebec, Canada (1947) |
| Headquarters | Montreal, Canada |
| Key people | Ken Patrick, founder Marc Parent (CEO) |
| Products | Full flight simulators, Visual Solutions, Commercial Aviation Training, Military Training, Healthcare Simulation Solutions, Public Safety and Security Solutions |
| Revenue |  $1.42 billion CAD (2008) |
| Website | http://www.cae.com/ |
CAE Inc. (TSX: CAE, NYSE: CAE) (formerly Canadian Aviation Electronics) is a leading provider of simulation technologies, modelling technologies and integrated training services to airlines, aircraft manufacturers, and defense customers worldwide. The company has annual revenues in excess of CAD $1.6 billion,[1] with manufacturing operations and training facilities in 20 countries on five continents. It was founded in 1947.
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[edit] Simulators
CAE has sold over 900 simulators and training devices to more than 100 airlines, aircraft manufacturers and training centres. It licenses its simulation software to various market segments and has a professional services division assisting customers with a wide range of simulation-based needs.
[edit] Pilot training
CAE conducts pilot training on over 115 full flight simulators in its more than 24 aviation training centres, serving approximately 3,500 airlines, aircraft operators and manufacturers across the globe. In the US, CAE is a major supplier of initial and recurrency training for non-airline based companies, including charter and cargo operators who are usually too small to offer in-house training. CAE acquired Simuflite training centers in Dallas, TX and Morristown, NJ which are now called CAE SimuFlite, in December 2001. The Dallas facility, located at Dallas/Fort Worth International Airport, is the largest business aviation training facility in the world at 426,000 sq ft (39,600 m2). with 34 simulators and approximately 450 employees.
CAE trains more than 75,000 crew members every year at 29 civil aviation and military training centers all over the world.[2]
CAE has an ab-initio training school, CAE Global Academy, which is an alliance with a number of ab-initio flight schools around the world.[3]
[edit] Healthcare
CAE Healthcare is a wholly owned subsidiary of CAE, with focus on offering healthcare professionals the opportunity to develop practical experience before trying out their skills on patients. It offers virtual simulators for laparoscopy, endoscopy, ultrasound and angiography diagnostics. On August 24, 2011, CAE Healthcare acquired Medical Education Technologies, Inc., (METI) for US$130 million, expanding its product range to include METI's robotic baby, pediatric and adult simulators. These simulators are designed to mimic human medical scenarios including trauma, heart attack, drug overdose, and acts of bio-terrorism.
[edit] Mining
In April 2010, CAE acquired The Datamine Group, a leading supplier of mining optimization software tools and services, to further its entry into the mining sector.[4]
[edit] Corporate governance
Current members of the board of directors of CAE are: Lynton Wilson, Brian Barents, Robert E. Brown, Anthony Fell, James A. Grant, Randolph Jayne, John A. Craig, Garfield Emerson, Paul Gagne, James Hankinson, Lawrence Stevenson, Robert Lacroix, and Katharine B. Stevenson.
Former members of the board of CAE include: Derek Burney.
The former CEO, Robert E. Brown, was named the best CEO of the year by La Presse, a French-Canadian newspaper.
In October 2008, CAE was named one of "Canada's Top 100 Employers" by Mediacorp Canada Inc., and was featured in Maclean's newsmagazine.[5]
In August 2009, CAE announced that its CEO Robert E. Brown would retire and Marc Parent, Executive Vice-President and COO would succeed him as of October 1, 2009. Mr. Brown plans to remained at CAE until the end of 2009 to ensure that the transition was as smooth as possible.
[edit] References
- ^ http://www.cae.com/en/investors/home.asp
- ^ http://www.cae.com/en/about.cae/home.asp
- ^ http://www.cae.com/en/aviation.training/abinitio.training.asp
- ^ http://www.cae.com/news/details.ashx?lng=English&location=InvestorsNR&showEvents=False&count=0&id=1017&year=2010
- ^ "Reasons for Selection, 2009 Canada's Top 100 Employers Competition". http://www.eluta.ca/top-employer-cae.
[edit] External links
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