Reports Q2 revenue C$1.24B vs. C$1.14B last year. “In my first few months as CEO, I’ve gained a deep appreciation for CAE‘s (CAE) extraordinary people, our strong customer relevancy, our industry-leading technology, and strong market positions,” said Matthew Bromberg, CAE’s President and CEO. “Combined, this has enabled incredible growth and I see opportunity for significant continued growth. However, it is time to balance growth with asset and operational efficiency. To that end, we have launched a transformation plan to sharpen our portfolio, strengthen capital discipline, and elevate performance, including a focus on cost transformation. These three priorities will guide how we operate, invest, and create long-term value.”
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