Topic: How To Invest

The Successful Investor Hotline – Friday, May 17, 2019

Article Excerpt

CAE INC., $36.67, Toronto symbol CAE, is a leading maker of flight simulators for commercial and military aircraft. It also operates pilot-training schools in over 30 countries and makes mannequins and other medical-simulators for training health professionals. In its fiscal 2019 fourth quarter, ended March 31, 2019, CAE’s revenue jumped 41.8%, to $1.02 billion from $720.9 million a year earlier. That beat the consensus forecast of $943.0 million. Revenue at its civilian aviation division (58% of the total) soared 50.1%. That’s largely due to a record $1.1 billion of new contracts, including a 15-year deal to train pilots for Colombian airline Avianca, and the sale of 28 flight simulators. That raises the total number of simulators sold in fiscal 2019 to 78, up from 50 in 2018. Revenue at the military division (38%) gained 33.5%. That’s due to $265.0 million in new orders from the defense agencies of Canada, the U.S., the U.K. and Germany. Revenue at the healthcare division (4%) rose 16.0% on…

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