CAE Inc.

Last updated
CAE Inc.
Type Public
Industry Aerospace
Founded1947;76 years ago (1947) in Saint-Hubert, Quebec, Canada
Headquarters Montreal, Quebec, Canada
Key people
Marc Parent (CEO)
ProductsFull flight simulators, Visual Solutions, Commercial Aviation Training, Military Training, Healthcare Simulation Solutions, Public Safety and Security Solutions
RevenueIncrease2.svgUS$4.2 billion (2023)
Increase2.svgUS$474 million (2023)
Increase2.svgUS$232 million (2023)
Total assets Increase2.svgUS$10.4 billion (2023)
Total equity Increase2.svgUS$4.6 billion (2023)
Number of employees
13,000 (2023) [1]
Divisions Civil Aviation Training Solutions, Defence & Security, CAE Healthcare
Website www.cae.com
Footnotes /references
Financials as of 31 March 2023 [2]

CAE Inc. (formerly Canadian Aviation Electronics) is a Canadian manufacturer of simulation technologies, modelling technologies and training services to airlines, aircraft manufacturers, healthcare specialists, and defence customers. CAE was founded in 1947, and has manufacturing operations and training facilities in 35 countries.

Contents

Flight simulators

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 basic training devices CAE 400XR and CAE 500XR, and full-motion products such as the CAE 3000, CAE 5000 and CAE 7000XR. These simulators are available for commercial use. In 2016, the company sold 53 Full-Flight Simulators. [3]

In 2001, CAE Inc. acquired BAE Systems's Flight Simulation and Training division, formerly known as Reflectone Inc, [4] a publicly listed company founded in 1939, and based in Tampa, Florida. Reflectone sold flight simulators to the military and provided pilot training on its premises. [5]

In 2021, CAE announced the purchase of the Military Training businesses of L3Harris Technologies; the purchase includes Link Simulation & Training which traces its corporate history to the original flight simulators designed and built by Ed Link. [6]

Pilot training

CAE conducts airline pilot training and business jet pilot training in its 50 aviation training centres worldwide. [7]

In the United States, the firm is a supplier of initial and recurrency training for airlines such as JetBlue [8] and non-airline based companies, including charter and cargo operators. In December 2001, the firm acquired Simuflite training centers in Dallas, Texas, and Morristown, New Jersey, which are now called CAE SimuFlite. [9] 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. [10] [ citation needed ]

In February 2016, CAE Inc. acquired one of its competitors, Lockheed Martin Commercial Flight Training, formerly known as Sim-Industries. [11] [12] [13]

CAE also operates the CAE Oxford Aviation Academy, the largest ab initio flight training network in the world, with a fleet of over 220 aircraft and seven campuses worldwide, [14] CAE Global Academy Phoenix, and Sabena Flight Academy in Belgium.

As of February 2020, CAE also works together with Airways Aviation Academy, formerly known as ESMA in Montpellier, South of France, for training students from Oxford and Brussels.

Healthcare

In 2011, CAE purchased Medical Education Technologies Inc. (METI), a Sarasota-based company known for its patient simulator, the HPS. [15] In October 2023, CAE announced the sale of its Healthcare business to Chicago-based Madison Industries for an enterprise value of C$311 million, subject to customary adjustments. [16]

Corporate governance

The CEO, Marc Parent, was named in this role in October 2009. He has more than 25 years of experience in the aerospace industry. Born in Montreal, Parent is a graduate of Mechanical Engineering from Montreal's École Polytechnique and attended Harvard Business School's six-week Advanced Management Program. [17]

In October 2008, CAE was named one of "Canada's Top 100 Employers" by Mediacorp Canada Inc., and was featured in Maclean's newsmagazine. [18]

Publications

In September 2021, with the UK P&I Club and Witherbys, CAE launched a safety publication entitled Maritime Team Dynamics, a safety book comparing aviation and maritime incidents. [19] [20]

Related Research Articles

<span class="mw-page-title-main">Aircraft pilot</span> Person controlling an aircraft in flight

An aircraft pilot or aviator is a person who controls the flight of an aircraft by operating its directional flight controls. Some other aircrew members, such as navigators or flight engineers, are also considered aviators because they are involved in operating the aircraft's navigation and engine systems. Other aircrew members, such as drone operators, flight attendants, mechanics and ground crew, are not classified as aviators.

<span class="mw-page-title-main">Flight simulator</span> Technology used for training aircrew

A flight simulator is a device that artificially re-creates aircraft flight and the environment in which it flies, for pilot training, design, or other purposes. It includes replicating the equations that govern how aircraft fly, how they react to applications of flight controls, the effects of other aircraft systems, and how the aircraft reacts to external factors such as air density, turbulence, wind shear, cloud, precipitation, etc. Flight simulation is used for a variety of reasons, including flight training, the design and development of the aircraft itself, and research into aircraft characteristics and control handling qualities.

<span class="mw-page-title-main">St. Pete–Clearwater International Airport</span> Third busiest airport serving the Tampa Bay area, Florida, United States

St. Pete–Clearwater International Airport is a public/military airport in Pinellas County, Florida, United States, serving the Tampa Bay Area. It is right on the northeast municipal boundary of Pinellas Park, 9 miles (14 km) north of downtown St. Petersburg, 7 miles (11 km) southeast of Clearwater, and 17 miles (27 km) southwest of Tampa.

<span class="mw-page-title-main">L3 Technologies</span> American defense and electronic equipment manufacturer

L3 Technologies, formerly L-3 Communications Holdings, was an American company that supplied command and control, communications, intelligence, surveillance and reconnaissance (C3ISR) systems and products, avionics, ocean products, training devices and services, instrumentation, aerospace, and navigation products. Its customers included the Department of Defense, Department of Homeland Security, United States Intelligence Community, NASA, aerospace contractors, and commercial telecommunications and wireless customers. In 2019, it merged with Harris Corporation to form L3Harris Technologies.

A virtual airline (VA) is a dedicated hobby organization that uses flight simulation to model the operations of an airline. Virtual airlines generally have a presence on the Internet, similar to a real airline. Many hundreds of virtual airlines of significance are currently active, with tens of thousands of participants involved at any one time.

<span class="mw-page-title-main">Synthetic vision system</span>

A synthetic vision system (SVS) is a computer-mediated reality system for aerial vehicles, that uses 3D to provide pilots with clear and intuitive means of understanding their flying environment.

<span class="mw-page-title-main">CAE Oxford</span> Ab initio flight training network

CAE Oxford, part of CAE Inc., is an ab initio flight training network. It provides integrated aviation training and resourcing services. Professional airline pilots have been trained at the Oxford Aviation Academy (OAA) flight school since 1961.

Pan Am Flight Academy is an aviation school that specializes in training airlines, pilots and aviation professionals from around the world. It is the only remaining division of Pan American World Airways, which declared bankruptcy in January 1991 and shut down in December of that year. Under the terms of the bankruptcy, the flight academy was allowed to remain open independently. It is presently owned by the holding company of All Nippon Airways.

<span class="mw-page-title-main">Sabena Flight Academy</span>

CAE Oxford Aviation Academy Brussels - Sabena Flight Academy is an aviation training organisation created in 1953, and located in Steenokkerzeel (Belgium). The school is now part of CAE Global Academy. The training is performed in Brussels, in Mesa at CAE Oxford Aviation Academy Phoenix . Sabena Flight Academy is one of the oldest airline transport pilot schools in Europe.

<span class="mw-page-title-main">Flight simulation video game</span> Video game genre

A flight simulation video game refers to the simulation of various aspects of flight or the flight environment for purposes other than flight training or aircraft development. A significant community of simulation enthusiasts is supported by several commercial software packages, as well as commercial and homebuilt hardware. Open-source software that is used by the aerospace industry like FlightGear, whose flight dynamics engine (JSBSim) is used in a 2015 NASA benchmark to judge new simulation code to space industry standards, is also available for private use. A popular type of flight simulators video games are combat flight simulators, which simulate combat air operations from the pilot and crew's point of view. Combat flight simulation titles are more numerous than civilian flight simulators due to variety of subject matter available and market demand.

Corporate contract pilot is a classification of pilot in general aviation. A corporate pilot is classified as a pilot who flies private business aircraft. A corporate pilot can be type-rated or certified in multiple types of business aircraft and may fly Part 135 and Part 91 of the Federal Aviation Regulations. A corporate contract pilot is a corporate pilot that flies on a contract basis.

<span class="mw-page-title-main">Avia Solutions Group</span> Irish-based global aerospace business group

Avia Solutions Group is a provider for passenger and cargo airlines worldwide. Headquartered in Dublin (Ireland), the group manages over 100 offices and production facilities globally and employs a majority of its employees in Europe. In 2023 June, Avia Solutions Group manages a fleet of 192 aircraft among the group companies.

ATP Flight School is the largest flight training company in the United States. The curriculum focuses on airline-oriented pilot programs at locations across the country. ATP is the leading supplier of professionally trained pilots to the nation's regional airlines.

Link Aviation Devices was a manufacturer of aircraft simulators. The company is most notable for inventing the Link Trainer, and is credited with starting the flight simulator industry. It is currently a subsidiary of CAE Incorporated.

<span class="mw-page-title-main">CAE Phoenix</span> Aviation school in Mesa, Arizona

CAE Phoenix is an aviation school owned by CAE and located in Mesa at Falcon Field Airport. A former subsidiary of Sabena Flight Academy, the school has previously trained students including those of Air Algérie, SFA, Nationale Luchtvaartschool (NLS), Turkish Airlines, Shenzhen Airlines, EVA Air, British Airways, Southwest Airlines, Japan Airlines, jetBlue, American Airlines, Emirates, EasyJet, CityJet, IndiGo, Aeromexico and AirAsia.

<span class="mw-page-title-main">CAE Oxford Aviation Academy Douala</span> Flight school in Cameroon

CAE Douala is an aviation school owned by Canadian group CAE, located at Douala, Cameroon. It was the first civil aviation university in the country.

TRU Simulation + Training is an American manufacturer of flight simulators and training devices for civil and military markets. It is a subsidiary of Textron and was formed in 2014 when previously acquired simulator manufacturers Mechtronix and OPNICUS were merged with part of Textron Systems division. A further company, business jet training provider ProFlight, was acquired and merged later that year.

<span class="mw-page-title-main">L3 Commercial Training Solutions</span>

L3Harris Commercial Aviation Solutions is a flight training provider and manufacturer of civil flight simulators based in Crawley, England. It is part of L3Harris, and was formed as L-3 Link Simulation & Training UK in 2012, when L3 acquired the civil fixed-wing simulation division of Thales Training & Simulation (TTS).

Urban Air Mobility (UAM) is the use of small, highly automated aircraft to carry passengers or cargo at lower altitudes in urban and suburban areas which have been developed in response to traffic congestion. It usually refers to existing and emerging technologies such as traditional helicopters, vertical-takeoff-and-landing aircraft (VTOL), electrically propelled, vertical-takeoff-and-landing aircraft (eVTOL), and unmanned aerial vehicles (UAVs). These aircraft are characterized by the use of multiple electric-powered rotors or fans for lift and propulsion, along with fly-by-wire systems to control them. Inventors have explored urban air mobility concepts since the early days of powered flight. However, advances in materials, computerized flight controls, batteries and electric motors improved innovation and designs beginning in the late 2010s. Most UAM proponents envision that the aircraft will be owned and operated by professional operators, as with taxis, rather than by private individuals.

<span class="mw-page-title-main">BAA Training</span> Flying school in Lithuania

BAA Training is an aviation training center, and a subsidiary of Avia Solutions Group. Headquartered in Vilnius, Lithuania, it operates globally. Certified as an Approved Training Organization (ATO), BAA Training offers a wide range of programs, including Ab Initio, Type Rating, Cabin Crew, Ground Handling, and Flight Dispatcher training. Additionally, BAA Training provides the flexibility to complete theory remotely through online courses.

References

  1. "CAE People and Safety" . Retrieved 2023-01-17.
  2. "2023 Consolidated Financial Statements". U.S. Securities and Exchange Commission. 22 June 2023.
  3. "Flight-simulator builder CAE soars as it hits record revenues, profits | Toronto Star". thestar.com. 19 May 2016. Retrieved 2017-01-06.
  4. "BAE sells former Reflectone to Canada's CAE". Flight Global. Reed Business Information. 20 February 2001. Retrieved 23 November 2013.
  5. Hagstrom, Suzy (15 September 1986). "Erratic Stock". Orlando Sentinel. Retrieved 23 November 2013.
  6. "CAE".
  7. CAE. "CAE - Civil Aviation Training". www.cae.com. Archived from the original on 2017-01-05. Retrieved 2017-01-06.
  8. Close, Kerry (March 7, 2016). "JetBlue Wants to Train You to Become a Pilot". Money.com . Archived from the original on August 5, 2020. Retrieved 2017-01-06.
  9. "CAE Concludes Acquisition of Leading Business Jet Training Company, Simuflite Training International Inc". www.defense-aerospace.com. Retrieved 2017-01-06.
  10. "New training centers meet soaring pilot demand | Aviation Week Network". aviationweek.com. Retrieved 2020-02-20.
  11. "CAE strikes deal for Lockheed Martin flight training unit" . Retrieved 2020-02-04.
  12. "CAE". www.cae.com. Retrieved 2020-02-04.
  13. "CAE To Acquire Lockheed Martin Commercial Flight Training Business - Defense Daily". www.defensedaily.com. 22 February 2016. Retrieved 2020-02-04.
  14. "Pilot Training Programs - CAE Oxford Aviation Academy". www.caeoaa.com. Archived from the original on 2016-12-28. Retrieved 2017-01-06.
  15. "CAE Healthcare acquires METI and becomes a leader in simulation-based technology for healthcare". Yahoo Finance Canada. Archived from the original on 2017-01-07. Retrieved 2017-01-06.
  16. "CAE". www.cae.com. Retrieved 2023-10-26.
  17. "Canadian Club › Marc Parent". www.cerclecanadien-montreal.ca. Archived from the original on 2017-01-07. Retrieved 2017-01-06.
  18. "Reasons for Selection, 2009 Canada's Top 100 Employers Competition".
  19. "UK P&I Club launches safety book in conjunction with CAE". Hellenic Shipping News. Retrieved 26 September 2021.
  20. "New Book Compares Aviation and Maritime Safety and How to Avoid Incidents". Handy Shipping Guide. Retrieved 26 September 2021.