TSX:CAEAerospace & Defense
CAE Leans On Defense Margins As Civil Aviation Weakens
CAE (TSX:CAE) is increasing its focus on its Defense segment as Civil Aviation weakens.
The company has launched a broad transformation plan that includes divesting non core assets and reshaping its Civil training network.
Defense has delivered its first operating margin above 10% in more than six years, with management lifting the segment outlook.
CAE shares last closed at CA$41.2, with the stock up 8.4% over the past year and 31.0% over three years. That performance comes despite a 13.1%...