CAE INVESTOR ALERT: CAE, Inc. Shareholders that Suffered Losses are Notified to Contact BFA Law about Investigation into Impairment Charges

On May 21, 2024, CAE announced preliminary earnings for Q4 2024 and that it initiated a "re-baselining" of its defense business because of eight underperforming legacy, fixed-price contracts. CAE further reported that it recorded a $568.0 million non-cash impairment of defense goodwill, $90.3 million in unfavorable defense contract profit adjustments, and a $35.7 million impairment of related technology and other non-financial assets that are principally related to the legacy contracts. If you invested in C ...