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Strategies & Market Trends : Dino's Bar & Grill

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To: Goose94 who wrote (110246)	8/12/2021 7:59:05 AM
From: Goose94	Read Replies (1) of 202818

CAE Inc. (CAE-T) on Wednesday forecast strong growth in its defence unit in the second half of fiscal year 2022 CAE expects its defence business to significantly benefit from its $1.05-billion acquisition of L3Harris Technologies' military training division last quarter. CAE, however, flagged COVID-related headwinds to its international defence business during the year. However, with the global aviation industry recovering and U.S. tourists returning to Canada, analysts expect civil pilot training demand to return to prepandemic levels soon. Chief executive officer Marc Parent said, "We expect continued strong year over year growth in fiscal year 2022, as recovery takes hold in our end markets." CAE reported first quarter civil training centre utilization at 56 per cent. The utilization rate is calculated by dividing the training hours sold on CAE simulators by the training capacity available. CAE said deliveries of full-flight simulators rose to 11 units, up from two units a year earlier. Excluding items, CAE earned 19 cents per share, above estimates of 17 cents.

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