CAE Inc.

CAE Inc.
Public
Traded as TSX: CAE
NYSE: CAE
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 Increase $2.1 billion CAD (2013)
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, defense customers, mining companies and healthcare specialists. In 2012 the company's annual revenue was CAD $1.82 billion.[1] CAE was founded in 1947, and has manufacturing operations and training facilities in 20 countries.

Simulators

Full flight simulators at the CAE centre in Brussels

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 the basic, low level device version CAE Simfinity, and full-motion products such as the CAE 3000, CAE 5000 and CAE 7000. These simulators are available for commercial use.

In early 2001, CAE Inc. acquired BAE Systems's Flight Simulation and Training division, formerly known as Reflectone Inc.[2] Reflectone Inc. was a publicly listed company founded in 1939, based in Tampa, Florida. Reflectone sold flight simulators to the military and provided pilot training on its premises.[3] Additionally, motion simulators were also provided to the amusement industry, including Corkscrew Hill at Busch Gardens Williamsburg, Questor at Busch Gardens Tampa, and Wild Arctic at SeaWorld Orlando and SeaWorld San Diego.[4][5][6] Throughout the 1980s Reflectone Inc. was experiencing financial difficulties, resulting in BAE Systems' acquisition of the firm in 1997.[4][7]

On March 25, 2004, CAE Inc. won a $9.2-million contract to provide training services to maintain helicopters operated by the Australian Defence Forces.[8]

Pilot training

CAE conducts airline pilot training on flight simulators in its aviation training centres. In the United States, the firm is a supplier of initial and recurrency training for non-airline based companies, including charter- and cargo operators too small to offer in-house training. In December 2001 the firm acquired Simuflite training centers in Dallas, Texas and Morristown, New Jersey, which are now called CAE SimuFlite. 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.

CAE trains more than crew at civil aviation and military training centers.

CAE Oxford Aviation Academy is the largest ab initio flight training network in the world, with a fleet of over 220 aircraft and nine campuses worldwide.

Academies include:

Mining

In April 2010, CAE acquired The Datamine Group, a supplier of mining optimization software tools and services.[9]

Corporate governance

The former CEO, Robert E. Brown, was named the best CEO of the year by La Presse, a French-Canada 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.[10]

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.

References

  1. ↑ http://www.marketwatch.com/investing/stock/cae/financials
  2. ↑ "BAE sells former Reflectone to Canada's CAE". Flight Global. Reed Business Information. 20 February 2001. Retrieved 23 November 2013.
  3. ↑ Hagstrom, Suzy (15 September 1986). "Erratic Stock". Orlando Sentinel. Retrieved 23 November 2013.
  4. 1 2 "Reflectone Inc.". St. Petersburg Times. 1997. Retrieved 23 November 2013.
  5. ↑ O'Brien, Tim (21 August 2000). "Ireland comes to Busch Gardens Williamsburg". Amusement Business. 112 (34): 1.
  6. ↑ O'Brien, Tim (4 May 1998). "Wide variety of planned capital improvements". Amusement Business. 110 (18): 20.
  7. ↑ "Reflectone Inc.". Orlando Sentinel. 5 July 1989. Retrieved 23 November 2013.
  8. ↑ "CAE lands $9.2-million contract with Australian Defence Forces".
  9. ↑ http://www.cae.com/news/details.ashx?lng=English&location=InvestorsNR&showEvents=False&count=0&id=1017&year=2010
  10. ↑ "Reasons for Selection, 2009 Canada's Top 100 Employers Competition".

External links

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