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CAE Inc.

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CAE Inc.
Company typePublic
TSX: CAE
NYSE: CAE
S&P/TSX Composite Component
IndustryAerospace
FoundedSaint-Hubert, Quebec, Canada (1947)
FounderKen Patrick
HeadquartersMontreal, Quebec, Canada
Key people
Marc Parent (CEO)
ProductsFull flight simulators, Visual Solutions, Commercial Aviation Training, Military Training, Healthcare Simulation Solutions, Public Safety and Security Solutions
RevenueIncrease $3.304 billion CAD (2019)
Number of employees
10,000 (2019)
DivisionsCivil Aviation Training Solutions, Defence & Security, CAE Healthcare
Websitewww.cae.com

CAE Inc. (formerly Canadian Aviation Electronics) is a Canadian manufacturer of simulation technologies, modelling technologies and training services to airlines, aircraft manufacturers, healthcare specialists, and defence customers. CAE was founded in 1947, and has manufacturing operations and training facilities in 35 countries. In 2017, the company's annual revenue was CAD $2.705 billion.[1]

Flight Simulators

CAE sells flight simulators and 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.[2]

In 2001, CAE Inc. acquired BAE Systems's Flight Simulation and Training division, formerly known as Reflectone Inc,[3] a publicly listed company founded in 1939, and based in Tampa, Florida. Reflectone sold flight simulators to the military and provided pilot training on its premises.[4]

Pilot training

CAE conducts airline pilot training and business jet pilot training in its 50 aviation training centres worldwide.[5]

In the United States, the firm is a supplier of initial and recurrency training for airlines such as JetBlue[6] and non-airline based companies, including charter and cargo operators. In December 2001 the firm acquired Simuflite training centers in Dallas, Texas and Morristown, New Jersey, which are now called CAE SimuFlite.[7] The facility 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.[8][citation needed]

In February 2016, CAE Inc. acquired one of its competitors, Lockheed Martin Commercial Flight Training, formerly known as Sim-Industries.[9][10][11]

CAE also operates the CAE Oxford Aviation Academy, the largest ab initio flight training network in the world, with a fleet of over 220 aircraft and seven campuses worldwide,[12] CAE Global Academy Phoenix, and Sabena Flight Academy in Belgium.

Healthcare

In 2011, CAE purchased Medical Education Technologies Inc. (METI), a Sarasota-based company known for its patient simulator, the HPS.[13]

Corporate governance

The 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.[14]

In October 2008, CAE was named one of "Canada's Top 100 Employers" by Mediacorp Canada Inc., and was featured in Maclean's newsmagazine.[15]

References

  1. ^ "CAE reports fourth quarter and full fiscal year 2017 results". CAE Inc. Archived from the original on 2018-02-09. Retrieved August 20, 2019.
  2. ^ "Flight-simulator builder CAE soars as it hits record revenues, profits | Toronto Star". thestar.com. Retrieved 2017-01-06.
  3. ^ "BAE sells former Reflectone to Canada's CAE". Flight Global. Reed Business Information. 20 February 2001. Retrieved 23 November 2013.
  4. ^ Hagstrom, Suzy (15 September 1986). "Erratic Stock". Orlando Sentinel. Retrieved 23 November 2013.
  5. ^ CAE. "CAE - Civil Aviation Training". www.cae.com. Archived from the original on 2017-01-05. Retrieved 2017-01-06.
  6. ^ Close, Kerry. "JetBlue Wants to Train You to Become a Pilot". MONEY.com. Retrieved 2017-01-06.
  7. ^ "CAE Concludes Acquisition of Leading Business Jet Training Company, Simuflite Training International Inc". www.defense-aerospace.com. Retrieved 2017-01-06.
  8. ^ "New training centers meet soaring pilot demand | Aviation Week Network". aviationweek.com. Retrieved 2020-02-20.
  9. ^ "CAE strikes deal for Lockheed Martin flight training unit". Retrieved 2020-02-04.
  10. ^ "CAE". www.cae.com. Retrieved 2020-02-04.
  11. ^ "CAE To Acquire Lockheed Martin Commercial Flight Training Business - Defense Daily". www.defensedaily.com. Retrieved 2020-02-04.
  12. ^ "Pilot Training Programs - CAE Oxford Aviation Academy". www.caeoaa.com. Retrieved 2017-01-06.
  13. ^ "CAE Healthcare acquires METI and becomes a leader in simulation-based technology for healthcare". Yahoo Finance Canada. Archived from the original on 2017-01-07. Retrieved 2017-01-06.
  14. ^ "Canadian Club › Marc Parent". www.cerclecanadien-montreal.ca. Archived from the original on 2017-01-07. Retrieved 2017-01-06.
  15. ^ "Reasons for Selection, 2009 Canada's Top 100 Employers Competition".
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