CAE Inc.

CAE Inc.
Public
Traded as TSX: CAE
NYSE: CAE
S&P/TSX Composite Component
Industry Aerospace
Founded Saint-Hubert, Quebec, Canada (1947)
Founder Ken Patrick
Headquarters Montreal, Quebec, Canada
Key people
 Marc Parent (CEO)
Products Full flight simulators, Visual Solutions, Commercial Aviation Training, Military Training, Healthcare Simulation Solutions, Public Safety and Security Solutions
Revenue Increase $2.705 billion CAD (2017)
Number of employees
 8500 (2017)
Divisions Civil Aviation Training Solutions, Defence & Security, CAE Healthcare
Website http://www.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 defense 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

C-130J Hercules full flight simulator at Ramstein Air Base

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.

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

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.[8]

Academies include:

Healthcare

In 2011, CAE decided to leverage its experience in aviation and simulation-based training to enter a new emerging market: simulation-based medical education.

CAE purchased Medical Education Technologies Inc. (METI), a Sarasota-based company known for its patient simulator, the HPS.[9]

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, Mr. Parent is a graduate of Mechanical Engineering from Montreal's École Polytechnique and of the Harvard Business School's Advanced Management Program.[10]

In October 2008, CAE was named one of "Canada's Top 100 Employers" by Mediacorp Canada Inc., and was featured in Maclean's newsmagazine.[11]

References

  1. ↑ "Full Fiscal Year 2017 Results". www.cae.com. Archived from the original on 2 September 2019. Retrieved 2017-09-14.
  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. 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. ↑ "Pilot Training Programs - CAE Oxford Aviation Academy". www.caeoaa.com. Retrieved 2017-01-06.
  9. ↑ "CAE Healthcare acquires METI and becomes a leader in simulation-based technology for healthcare". Yahoo Finance Canada. Retrieved 2017-01-06.
  10. ↑ "Canadian Club › Marc Parent". www.cerclecanadien-montreal.ca. Retrieved 2017-01-06.
  11. ↑ "Reasons for Selection, 2009 Canada's Top 100 Employers Competition".
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