MONTREAL – Matthew Bromberg, the new CEO piloting CAE Inc., is announcing a host of measures to streamline the company and bring costs under control, including scrapping the chief operating officer role.
Bromberg, who stepped into the captain’s chair in August, says the flight simulator maker will merge commercial and business aviation training into a single unit and slim its defence business down to two segments from three.
Under what he calls a company transformation, the chief executive is also creating a vice-president of operations position to drive efficiency across the company along with “greater synergies” between the civil and defence businesses.
In a release, CAE is reporting profits attributable to shareholders rose 41 per cent year-over-year to $73.9 million in the quarter ended Sept. 30.
The Montreal-based company says revenue in its second quarter increased nine per cent to $1.24 billion from $1.14 billion in the same period last year.
On an adjusted basis, earnings sat at 23 cents per share versus 24 cents per share the year before, beating analysts’ expectations of 20 cents per share, according to financial markets firm LSEG Data and Analytics.
This report by The Canadian Press was first published Nov. 11, 2025.
Companies in this story: (TSX:CAE)
