CAE announces executive changes to support Defense & Security transformation and accelerate growth

Core Viewpoint - CAE Inc. announces senior leadership changes aimed at enhancing its Defense & Security segment to capitalize on rising global demand for defense solutions, with a focus on operational excellence and growth acceleration [1] Group 1: Leadership Changes - Pascal Grenier has been appointed as President of Defense & Security, tasked with overseeing the global Defense portfolio and driving growth through a unified go-to-market approach [1] - Srini Dixit will serve as Interim Vice President and General Manager for CAE Defense & Security USA, while continuing his role as CFO for the segment [1] - The changes are part of CAE's strategy to strengthen its Defense business and improve alignment across global operations [1] Group 2: Financial Performance - CAE's Defense & Security segment generated $2.0 billion in annual revenue, accounting for 42% of the company's total fiscal 2025 revenues [1] - The company reported a revenue of $1,252.1 million for the third quarter of fiscal 2026, compared to $1,223.4 million in the prior year [2] - Earnings per share (EPS) for the same quarter were $0.34, down from $0.53 in the previous year [2] Group 3: Market Position and Strategy - The Defense & Security segment is positioned for long-term growth due to increasing global demand for advanced training solutions across various domains [1] - CAE's operational expertise and strong customer relationships provide a competitive advantage in the defense market [1] - The company has nearly 80 years of innovation in the field, supported by a team that includes over 1,900 veterans [1]