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Tag Archives: Marc Parent

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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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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