TSX:CAEAerospace & Defense
Defense-Driven Revenue Jump Might Change The Case For Investing In CAE (TSX:CAE)
Earlier this week, CAE Inc reported a 9% increase in consolidated revenue, driven by a 14% Defense segment revenue rise and a 41% jump in adjusted Defense operating income, while its Civil Aviation unit faced softer training center utilization and lower operating income.
The results highlight how CAE’s transformation plan, focused on portfolio sharpening, tighter capital management, and operational efficiency, is beginning to shift the company’s earnings mix toward higher-contributing...