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KUALA LUMPUR - CAE Inc. (NYSE:CAE) (TSX:CAE), a $9.2 billion market cap company with a "GOOD" financial health rating according to InvestingPro, will deliver a Boeing 737MAX full-flight simulator to MAB Academy, the training division of Malaysia Airlines Group, according to a press release statement issued Monday.
The simulator, scheduled to be operational by July 2026, will be installed at MAB Academy’s new flight simulator building in Sepang. The equipment will feature CAE’s Prodigy Image Generator, which uses Epic Games’ Unreal Engine to create realistic training scenarios. The deal adds to CAE’s growing revenue stream, which has shown a robust 9% growth over the last twelve months.
"This investment underscores our commitment to safety, innovation, and continuous improvement in pilot training," said Datuk Captain Izham Ismail, Group Managing Director of Malaysia Airlines Group.
The agreement extends a partnership between CAE and Malaysia Airlines that began in 2008. The airline currently operates two other CAE simulators: an ATR 72-500 and an A330 NEO full-flight simulator that was certified in September 2025.
Michel Azar-Hmouda, Division President of Commercial Aviation at CAE, noted that according to the company’s 2025 Aviation Talent Forecast, the Asia Pacific region will need 98,000 new commercial pilots over the next decade.
The announcement coincided with Canadian Prime Minister Mark Carney’s visit to Malaysia for the Association of Southeast Asian Nations Summit.
CAE, headquartered in Canada, provides training and simulation solutions for aviation professionals and defense forces with approximately 13,000 employees across 240 sites in over 40 countries. The company’s stock has demonstrated strong momentum with a 47.55% return over the past year, trading near its 52-week high. For detailed analysis and additional insights, including Fair Value estimates and growth projections, visit InvestingPro, where you’ll find comprehensive research reports covering 1,400+ top stocks.
In other recent news, CAE Inc. reported its first-quarter earnings for fiscal year 2026, revealing a slight beat on earnings per share (EPS) but a miss on revenue. The company posted an EPS of $0.21, surpassing the forecasted $0.20, while revenue came in at $1.1 billion, falling short of the $1.12 billion forecast. Additionally, TD Securities upgraded CAE’s stock rating to Buy from Hold, citing improvements in defense margins as a positive indicator for the company’s performance. The firm also raised its price target to C$44.00 from C$40.00, highlighting constructive industry trends and management’s focus on free cash flow and return on capital. In related developments, BMO Capital reiterated its Outperform rating with a Cdn$50 price target, emphasizing confidence in CAE’s Civil and Defense segments. Furthermore, CAE announced the final election results for its board of directors, with all 13 nominees successfully elected. Notably, 12 of the 13 directors received more than 90% approval, showcasing strong shareholder support.
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