Canada’s CAE Does More than Simulate Success
Founded by a former Royal Canadian Air Force officer, CAE sold its first fighter-plane simulator in 1952. Today, the company is the recognized global leader in simulation and modeling technologies and training solutions for civil and military aviation. CAE’s commitment to research, development and training helps the company post annual revenues in excess of $1.6 billion.
The company has sold more than 900 flight simulators to airlines, aircraft manufacturers and training centers, and maintains a global network of 24 training facilities on five continents. Along with civil aviation, CAE also develops training solutions for air forces around the world. The U.S. Army’s elite 160th Special Operations Aviation Regiment, for instance—known as the Night Stalkers—relies on CAE to develop the world’s most advanced combat mission simulators. The company’s Canadian facilities remain crucial to CAE’s international success.
The company’s primary R&D and manufacturing site is in Montréal; more than half of the company’s global workforce of approximately 6,500 works in Canada. In 2009, CAE committed up to $274 million in a new R&D program in Canada that will apply CAE's modeling, simulation and training expertise to other sectors, such as healthcare, heavy equipment, mining and energy.
CAE [cae.com] is another example of Canadian leadership and excellence the global business world continues to count on.
Additional Facts
- CAE devotes nearly 10% of its annual revenues to research and development.
- Foreign sales account for approximately 90% of CAE’s annual revenues.
- CAE's shares are traded on the Toronto and New York stock exchanges (TSX: CAE; NYSE: CAE).
