MONTREAL – CAE Inc. chief executive Matthew Bromberg says the flight simulator maker is shrinking its global footprint more quickly than planned, as it launches into the second half of a yearlong overhaul aimed at cutting costs.
The CEO says the Montreal-based company now expects to retire 16 to 18 flight simulators by the end of its fiscal year in late March, up from 13 to 15 previously.
The change comes as part of a transformation plan set in motion by Bromberg that will see CAE close up to six of its civil training centres and shed more than 500,000 square feet from its operating network across the globe.
Despite its leaner figure, the manufacturer says it aims to retain more than 99 per cent of its civil aviation revenue.
Bromberg says the forecast around commercial flying, business jets and defence remains upbeat even as the Middle East war costs CAE millions of dollars each quarter due to lower demand for flight training amid reduced travel in the region.
On Wednesday evening, the company reported a 21 per cent year-over-year drop in profits to $58.6 million in its second quarter and a nearly three per cent decrease in revenue to $1.20 billion.
This report by The Canadian Press was first published Nov. 12, 2026.
Companies in this story: (TSX:CAE)
