CAE Inc. (CAE) is engaged in designing, developing, manufacturing and supplying simulation tools and equipment and provides a range of training and other modelling and simulation-based services. The Company also operate a global network of training centres serving pilots, and in some instances, cabin crew and maintenance staff. The products of the Company include full-flight simulators (FFSs), which replicate aircraft performance in a full array of situations and environmental conditions. Sophisticated visual systems simulate hundreds of airports around the world, as well as a range of landing areas and flying environments. These work with motion and sound to create a training environment for pilots and crews at all levels. In fiscal 2009, the Company completed the acquisition of Sabena Flight Academy (Sabena).
The company has moved forward with the expansion of its operations in China where it aims to keep pace with the rapidly expanding Chinese lift truck market, expand its business in the Asia Pacific region and provide production capacity to begin exporting Chinese-made products to other parts of the world. During fiscal 2007, the company invested $9 million and plans to invest another $5 million by the end of fiscal 2008.
1. Corporate Brochure: http://www.cascorp.com/investor/overview
2. 2007 Annual report, p.15