CAE Civil Training Center Closure Part of Broader Structural Savings Push
Dow Jones
Aug 13
09:40 ET--CAE is planning to close four to six civil training centers as it looks to streamline operations and boost margins. The move is part of the flight simulator company's plan to achieve about C$125 million to C$150 million in structural savings by fiscal 2030. CEO Matthew Bromberg says on an investor call that right-sizing the physical footprint will "not only improve utilization rate of our network, it will also improve our civil margins." Some customers will be lost, however Bromberg says that the company expects to "retain almost all of our customer contracts as we transition them to other CAE facilities," capping expected customer attrition at less than 1% of civil revenue.
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