Search Results for: Marc Parent

Marc Parent: CAE Eyes Flight Training Program Expansion with Purchase of Bombardier Unit

CAE (NYSE: CAE) has agreed to buy the military aviation training business of Bombardier for approximately $15.9 million in an effort to further help defense customers train future airmen. The Bombardier unit works with the Royal Canadian Air Force and allied forces as a prime contractor in the NATO Flying …

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Marc Parent: Civil, Healthcare Segments Help Drive CAE Revenue Up 10% for 2Q 2015

CAE has announced financial results for the second quarter of the company’s 2015 fiscal year ended Sept. 30, 2014. Based on U.S. currency figures, revenue for the Montreal-based aerospace and defense technology company rose 10.7 percent from the prior year quarter to $468.4 million and profit increased 12.1 percent to $38 million for …

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Michael Ferrantino Named LGL Group Interim CEO; Marc Gabelli Comments

Michael Ferrantino, executive vice chairman of LGL Group’s (NYSE: LGL) board of directors, has been named interim CEO of the company. Ferrantino will succeed Greg Anderson, who has left both president and CEO roles, LGL Group said Thursday. “In the interim, Michael will immediately assume the role of interim CEO …

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Rekha Ranganathan Named President of CAE’s Health Care Arm

Rekha Ranganathan, a more than 20-year health care and technology industry veteran, has been named president of CAE’s (NYSE: CAE) health care business. Ranganathan succeeds Robert Amyot, who will continue to serve in an advisory role to facilitate the transition, CAE said Monday. Marc Parent, president and CEO of CAE, …

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CAE Reaches Deal to Buy Lockheed Commercial Aviation Training Business

CAE (NYSE: CAE) has agreed to acquire the commercial aviation training business of Lockheed Martin (NYSE: LMT) for an undisclosed sum with no timeframe given for the transaction’s projected closure. Montreal-based CAE said Monday said it seeks to expand its customer-installed base of commercial flight simulators and add new assets such as full-flight simulators, simulator parts and equipment, facilities, …

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Microsoft’s Susie Adams: Cloud Offers Unlimited Computing Capacity to Advance AI Adoption

Susie Adams

Susie Adams, chief technology officer at Microsoft (Nasdaq: MSFT), said cloud helps advance artificial intelligence by enabling data analysis and sharing to improve mission outcomes. "Cloud technology has given us vast capacity for data storage and nearly unlimited compute capacity to take advantage of AI, which is democratizing the ability for end users, not just data scientists, to build and run machine learning algorithms," Adams wrote.

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Well Known Security Expert Frank Abagnale Explains Why IRS Data Issues Hurt CARES Act

Frank Abagnale GovConExpert

The US economy has been stricken by Coronavirus. Last week, a record 6.6m Americans filed for unemployment benefits. The government has responded to the crisis with a $2 trillion package, which includes $300 billion in direct payments to citizens. That’s commendable. But while Washington’s intentions are good, there’s a strong possibility that those who most need that money won’t receive it quickly enough ̶ and worse, that billions of those dollars will actually end up in misdirected payments to fraudsters.

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