Record Backlog and Order Growth
CAE secured nearly $3 billion in total orders this quarter, bringing the adjusted backlog to a record $18 billion, up over 50% compared to just over a year ago.
Defense Segment Performance
Defense secured a $1.7 billion transformative award under Canada's future aircrew training program, contributing to a 4.6x book-to-sales ratio and a record $11.4 billion in defense adjusted backlog, up approximately 94% year-over-year.
Civil Revenue Increase
Civil segment revenue grew 12% year-over-year to $640.7 million, with a record $6.7 billion total Civil adjusted backlog, up 13% year-over-year.
SIMCOM Acquisition
CAE announced an agreement to purchase a majority stake in the SIMCOM joint venture, expected to be accretive to both earnings and free cash flow in the first full year.