|Bid||13.40 x 1100|
|Ask||13.42 x 900|
|Day's Range||12.69 - 13.69|
|52 Week Range||9.80 - 31.56|
|Beta (5Y Monthly)||1.07|
|PE Ratio (TTM)||13.32|
|Forward Dividend & Yield||0.32 (2.31%)|
|Ex-Dividend Date||Mar 11, 2020|
|1y Target Est||N/A|
SYDNEY/MONTREAL March 24 (Reuters) - The pandemic is taking its toll on aerospace manufacturing, as Boeing Co announced it would halt production of most widebody jets and Airbus SE restarted only partial output after a four-day shutdown as suppliers cut jobs. Global passenger capacity fell by 35% last week, the worst since the start of the crisis, according to data from airline schedules firm OAG, which said deeper cuts were likely in the coming weeks. Boeing faces the shutdown of key assembly lines for the second time in a year after being forced to halt production of its grounded 737 MAX aircraft in January.
We hate to say this but, we told you so. On February 27th we published an article with the title Recession is Imminent: We Need A Travel Ban NOW and predicted a US recession when the S&P 500 Index was trading at the 3150 level. We also told you to short the market and buy […]
It's been a good week for CAE Inc. (TSE:CAE) shareholders, because the company has just released its latest quarterly...
Canada's main stock index fell on Friday, led by declines in energy stocks, with investors also shrugging off a strong jobs report as a mounting death toll from the coronavirus epidemic hurt sentiment. * The death toll in mainland China reached 637 on Friday, with a total of 31,211 cases, WHO chief Tedros Adhanom Ghebreyesus said in Geneva. * At 10:04 a.m. ET (1504 GMT), the Toronto Stock Exchange's S&P/TSX composite index was down 72.9 points, or 0.41%, at 17,684.59.
CAE Inc.'s (CAE) fiscal Q3 results are expected to reflect strong numbers driven by steady pilot training agreements along with positive synergies post acquisition of SIMCOM Holdings' stakes.
High demand in the aerospace and defense industry helps lift new orders in December. With an array of contracts in January, investing in this space can prove to be beneficial.
CAE (CAE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
MONTREAL/SYDNEY/WASHINGTON Jan 21 (Reuters) - Airlines are scrambling to book time in 737 MAX training facilities as far afield as Fiji, Iceland and Panama, operators said, after Boeing Co recommended pilots be trained in one of the few simulators replicating the latest model. "Boeing is recommending that all 737 MAX pilots undergo training in a 737 MAX simulator prior to flying the aircraft in commercial service," the company told Reuters on Tuesday evening, the first confirmation of its new policy.
We've lost count of how many times insiders have accumulated shares in a company that goes on to improve markedly. On...
In 2017, Boeing (BA) released a study that estimated that the world's airlines would need about 637,000 new pilots over the next two decades to meet demand, explains Tony Daltorio, editor of Growth Stock Confidential.
(Bloomberg) -- Boeing Co.’s surprise about-face in recommending that 737 Max pilots now complete training in simulators before flying the still-grounded airliner shocked many in the aviation world -- except perhaps one of the leading manufacturers of the devices.Canada’s CAE Inc., anticipating a surge in demand for pilot training, in November said it had begun to make 737 Max full-flight simulators without customer orders in hand, an unusual step in the build-to-order industry. The company believed more training would be needed in the wake of 737 Max crisis and wanted to be in a position to quickly supply airlines with the machines that can cost as much as $20 million apiece, CAE spokeswoman Helene Gagnon said.“We’re kind of happy that we made the decision back in November to do that,” she said.CAE shares rose as much as 4.4% on Wednesday after Boeing’s recommendation for simulator training the day before to trade at $37.38 at 11:54 a.m. in Toronto trading. The gains were the company’s largest since Nov. 13.Weighing roughly as much as a school bus and standing two stories or more in height, the latest generation of flight simulators are a cross between super computers and the world’s most sophisticated gaming platforms.Capsules the size of a small apartment contain near-exact replicas of the cockpit -- from the position of each switch to the feel of the flight controls -- and advanced video systems that display terrain near airports with high fidelity. Massive hydraulic lifts hoist, lower and tilt the simulated cockpit to create the illusion of movement through nearly any phase of a flight.Programming the simulator for snowy weather, for example, can show snow plows at work as pilots perform virtual taxis on the ground. Even passengers walking through a realistic-looking terminal can be seen when a plane is parked at a gate.CAE is the leading manufacturer of full-flight simulators, according to the company. As of mid-November, the company had received 48 orders 737 Max simulators and delivered 23 to airlines through December, Gagnon said. Competitors include L3 Harris Technologies Inc., which declined to comment, and Textron Inc.-owned Tru Simulation + Training Inc. A spokeswoman for the Textron unit didn’t return a message seeking comment.Boeing on Tuesday abandoned its long-held stance that pilots of an older 737 model would only need a short computer course to fly the Max, recommending simulator training before taking flight.Mandating simulator sessions will be costly and could delay airlines being able to add the 737 Max to their schedules.The Federal Aviation Administration and other aviation regulators must still determine the scope and rigor of any additional pilot training needed. But the machines could become a hot commodity as Southwest Airlines Co., American Airlines Group Inc. and United Airlines Holdings Inc. put thousands of 737 pilots through their paces after regulators give final approval to training protocols for the still-grounded jet.Estimates vary, but U.S. airlines own only a few 737 Max flight simulators, and Boeing owns several others. Compare that to more than 80 simulators modeled after the 737 NG family that preceded the Max that are held by airlines, according to an FAA-maintained list.Bloomberg has reported that Boeing is exploring converting the simulators designed for the previous generation of 737s to train pilots on the Max.\--With assistance from Susan Decker.To contact the reporters on this story: Ryan Beene in Washington at email@example.com;Alan Levin in Washington at firstname.lastname@example.orgTo contact the editors responsible for this story: Jon Morgan at email@example.com, Elizabeth WassermanFor more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Out of thousands of stocks that are currently traded on the market, it is difficult to identify those that will really generate strong returns. Hedge funds and institutional investors spend millions of dollars on analysts with MBAs and PhDs, who are industry experts and well connected to other industry and media insiders on top of that. Individual investors can piggyback […]
Raytheon (RTN) secures deal to offer Aegis modernization production requirements and associated engineering services apart from manufacturing Aegis BMD Kill Assessment Ordnance Alteration Kits.