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News Breaks | | | | December 18, 2012 | | 06:21 EDT |  | CAE | CAE awarded contracts by Chinese and Russian customers valued at over C$50M
CAE announced that it has sold four Level D full-flight simulators, or FFS, two each to customers in China and Russia. The sales include the first two FFSs, associated training devices and the CAE Augmented Engineering Environment for the new C919 aircraft being developed by Commercial Aircraft Corporation of China. They also include two simulators, a Boeing 737NG and a Bombardier CRJ200, to Russian aviation equipment company NITA. In addition, CAE sold simulator update services to various customers. The contracts are valued at more than C$50 million at list prices and bring the total FFS sales that CAE has announced to date during FY13-FY23. | |
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News For CAE From The Last 14 Days Check below for free stories on CAE the last two weeks. |
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| May 17, 2013 | | 10:07 EDT |  | CAE | On The Fly: Analyst Downgrade Summary
Today's noteworthy downgrades include: Actuant (ATU) downgraded to Neutral from Buy at SunTrust... Aruba Networks (ARUN) downgraded to Perform from Outperform at Oppenheimer... CAE (CAE) downgraded to Sector Perform from Outperform at RBC Capital... City Holding (CHCO) downgraded to Market Perform from Outperform at Keefe Bruyette... Deere (DE) downgraded to Sell from Neutral at Goldman... Disney (DIS) downgraded to Neutral from Overweight at Atlantic Equities... HSBC (HBC) downgraded to Neutral from Outperform at Exane BNP Paribas... L Brands (LTD) downgraded to Underperform from Hold at Jefferies... Manning & Napier (MN) downgraded to Underperform from Neutral at BofA/Merrill... MeadWestvaco (MWV) downgraded to Underperform from Sector Perform at RBC Capital... National Grid (NGG) downgraded to Neutral from Outperform at Exane BNP Paribas... Savient (SVNT) downgraded to Market Perform from Outperform at William Blair... Stryker (SYK) downgraded to Reduce from Neutral at SunTrust... TRW Automotive (TRW) downgraded to Hold from Buy at Deutsche Bank... Universal Health (UHS) downgraded to Neutral from Positive at Susquehanna... Williams-Sonoma (WSM) downgraded to Neutral from Buy at BofA/Merrill... Zimmer (ZMH) downgraded to Reduce from Neutral at SunTrust... Aviva (AV) downgraded to Underperform from Sector Perform at RBC Capital... Pandora (P) downgraded to Hold from Buy at Maxim... Lumos Networks (LMOS) downgraded to Neutral from Buy at DA Davidson... Brocade (BRCD) downgraded to Underperform from Market Perform at William Blair... Applied Materials (AMAT) downgraded to Neutral from Buy at DA Davidson... Cosi (COSI) downgraded to Market Perform from Outperform at Northland Securities. | | | 06:43 EDT | | CAE | CAE downgraded to Sector Perform from Outperform at RBC Capital
RBC Capital downgraded CAE Inc citing valuation, lower expectations for near-term Civil margin improvement, and persistent Military budget delays. Price target lowered to $12 from $13. | |
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