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MONTREAL - CAE Inc. (NYSE:CAE) (TSX:CAE) announced Thursday it has signed a worldwide cooperation agreement with Saab that positions CAE as Saab’s preferred supplier for select training and simulation requirements for the GlobalEye Airborne Early Warning and Control aircraft and other platforms. The $8.36 billion market cap company has seen its stock rise 14.32% over the past year, outperforming many peers. According to InvestingPro analysis, CAE currently appears undervalued based on its Fair Value assessment.
The agreement also includes a specific partnership to jointly pursue Canada’s AEW&C program, combining Saab’s airborne surveillance technology with CAE’s training and simulation capabilities.
Under the global cooperation agreement, CAE will offer simulation-based training solutions to support Saab’s international GlobalEye campaigns and other AEW&C programs. The collaboration will leverage CAE’s expertise in advanced integrated training systems, including the development of flight training devices and integrated mission platforms.
The partnership is expected to generate economic growth and create high-value jobs across Canada, according to the companies’ press release statement.
"This agreement between Saab and CAE sets the stage for global AEW&C training franchise anchored in Canada," said Matt Bromberg, President and CEO of CAE.
Micael Johansson, President and CEO of Saab, said the partnership "strengthens our commitment to GlobalEye customers and reinforces our strategy to deliver world-leading airborne early warning capabilities with best-in-class training."
The GlobalEye platform integrates multiple sensors for multi-domain surveillance capabilities. CAE will provide training systems that evolve alongside platform capabilities to meet operational requirements.
CAE employs approximately 13,000 people at around 240 sites and training locations in over 40 countries, providing training and simulation solutions for aviation professionals and defense forces.
In other recent news, CAE Inc. reported its second-quarter 2025 earnings, surpassing market expectations. The company achieved an adjusted earnings per share (EPS) of $0.23, exceeding the forecasted $0.20. Additionally, CAE’s revenue outperformed predictions, reaching $1.24 billion compared to the anticipated $1.14 billion. These results highlight the company’s strong financial performance in the quarter. Analyst firms have not yet provided any updates regarding upgrades or downgrades for CAE Inc. following this earnings announcement. The company’s positive earnings report has been well-received, as reflected in investor sentiment. These developments are part of CAE’s recent activities.
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