|Bid||29.66 x 800|
|Ask||29.68 x 800|
|Day's Range||29.41 - 29.80|
|52 Week Range||20.41 - 29.99|
|Beta (5Y Monthly)||0.90|
|PE Ratio (TTM)||29.71|
|Earnings Date||Aug. 09, 2016 - Aug. 14, 2016|
|Forward Dividend & Yield||0.34 (1.15%)|
|Ex-Dividend Date||Dec. 11, 2019|
|1y Target Est||19.03|
MONTREAL , Jan. 23, 2020 /CNW Telbec/ - (NYSE: CAE) (TSX: CAE) – CAE will release its fiscal year 2020 third quarter results on Friday, February 7, 2020 . A conference call will be held on the same day ...
MONTREAL and WASHINGTON, Jan. 20, 2020 /CNW Telbec/ - (NYSE:CAE - News) (TSX:CAE - News) – CAE is pleased to announce the appointment of Todd Probert as Group President, Defence & Security, effective January 27, 2020. Mr. Probert worked for Raytheon, the world's fourth largest defence company, over the past 10 years.
While CAE stocks right now are relatively overpriced, its strong cash flow, high investor trust, and favorable market conditions make the stock a must buy for any serious investor.
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On...
MONTREAL — Shares of flight simulator maker CAE Inc. reached record highs Friday after Boeing Co. recommended earlier this week that pilots train in simulators before flying its grounded 737 Max.Boeing's announcement Tuesday marked a reversal from the company's long-held position that only computer-based training — not simulators — was required for pilots to climb back into the cockpit.CAE chief executive Marc Parent was already betting on pent-up demand for the training platforms, announcing in November the company was building simulators with no confirmed buyer.CAE is ready to further ramp up production in response to any regulatory changes or training requirements ahead of the 737 Max's eventual return to service, said spokeswoman Helene Gagnon in an email this week.CAE stock price ended the day at an all-time closing high of $38.71 on the Toronto Stock Exchange, up 92 cents or 2.43 per cent. The shares have gained 12.6 per cent since Jan. 1.Authorities around the world banned Boeing's marquee jet from the skies last March after two crashes in five months, which killed all 346 aboard, including 18 Canadians.As of December, CAE had delivered 23 of 48 Max flight simulators ordered by airlines, the company said.Boeing's recommendation of flight simulator training is based partly on results from company tests that showed pilots had trouble handling emergencies despite being schooled in the plane's software updates.Simulator training could weaken the Max's appeal for some airlines. The recommendation could push back the aircraft's return — even after regulatory green lights — and necessitate the purchase of multimillion-dollar simulators from companies like CAE to prep pilots.This report by The Canadian Press was first published Jan. 10, 2020.Companies in this story: (TSX:CAE)The Canadian Press
(Bloomberg) -- Boeing Co.’s surprise about-face in recommending that 737 Max pilots now complete training in simulators before flying the still-grounded airliner shocked many in the aviation world -- except perhaps one of the leading manufacturers of the devices.Canada’s CAE Inc., anticipating a surge in demand for pilot training, in November said it had begun to make 737 Max full-flight simulators without customer orders in hand, an unusual step in the build-to-order industry. The company believed more training would be needed in the wake of 737 Max crisis and wanted to be in a position to quickly supply airlines with the machines that can cost as much as $20 million apiece, CAE spokeswoman Helene Gagnon said.“We’re kind of happy that we made the decision back in November to do that,” she said.CAE shares rose as much as 4.4% on Wednesday after Boeing’s recommendation for simulator training the day before to trade at $37.38 at 11:54 a.m. in Toronto trading. The gains were the company’s largest since Nov. 13.Weighing roughly as much as a school bus and standing two stories or more in height, the latest generation of flight simulators are a cross between super computers and the world’s most sophisticated gaming platforms.Capsules the size of a small apartment contain near-exact replicas of the cockpit -- from the position of each switch to the feel of the flight controls -- and advanced video systems that display terrain near airports with high fidelity. Massive hydraulic lifts hoist, lower and tilt the simulated cockpit to create the illusion of movement through nearly any phase of a flight.Programming the simulator for snowy weather, for example, can show snow plows at work as pilots perform virtual taxis on the ground. Even passengers walking through a realistic-looking terminal can be seen when a plane is parked at a gate.CAE is the leading manufacturer of full-flight simulators, according to the company. As of mid-November, the company had received 48 orders 737 Max simulators and delivered 23 to airlines through December, Gagnon said. Competitors include L3 Harris Technologies Inc., which declined to comment, and Textron Inc.-owned Tru Simulation + Training Inc. A spokeswoman for the Textron unit didn’t return a message seeking comment.Boeing on Tuesday abandoned its long-held stance that pilots of an older 737 model would only need a short computer course to fly the Max, recommending simulator training before taking flight.Mandating simulator sessions will be costly and could delay airlines being able to add the 737 Max to their schedules.The Federal Aviation Administration and other aviation regulators must still determine the scope and rigor of any additional pilot training needed. But the machines could become a hot commodity as Southwest Airlines Co., American Airlines Group Inc. and United Airlines Holdings Inc. put thousands of 737 pilots through their paces after regulators give final approval to training protocols for the still-grounded jet.Estimates vary, but U.S. airlines own only a few 737 Max flight simulators, and Boeing owns several others. Compare that to more than 80 simulators modeled after the 737 NG family that preceded the Max that are held by airlines, according to an FAA-maintained list.Bloomberg has reported that Boeing is exploring converting the simulators designed for the previous generation of 737s to train pilots on the Max.\--With assistance from Susan Decker.To contact the reporters on this story: Ryan Beene in Washington at firstname.lastname@example.org;Alan Levin in Washington at email@example.comTo contact the editors responsible for this story: Jon Morgan at firstname.lastname@example.org, Elizabeth WassermanFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Raytheon (RTN) secures deal to offer Aegis modernization production requirements and associated engineering services apart from manufacturing Aegis BMD Kill Assessment Ordnance Alteration Kits.
High-growth aristocrats present investors the best opportunity for long-term growth, especially when considering the absolute best stocks such as CAE Inc (TSX:CAE)(NYSE:CAE).
Raytheon (RTN) secures contract to provide engineering and technical support, depot and intermediate level repair, maintenance and recertification of standard missiles
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...