Montreal-based aerospace training company saw third-quarter fiscal 2026 defence and security division operating income increase 38 by per cent, to $54 million, compared to a year earlier. Net income attributable to equity holders was down 35 per cent, to $108.9 million, while earnings per share were down 36 per cent, to $0.34, compared to the prior year. (The Logic)

Talking point: CAE management is bullish on the long-term growth of its defence business, thanks to the commitment of several NATO countries to significantly increase their defence budgets. In particular, CAE calls Canada’s intention to increase defence spending by five per cent by 2035 a “generational investment opportunity.” Recruited in June 2025, CAE CEO Matthew Bromberg came to the company in June 2025 after three years at U.S. defence and security specialists Northrop Grumman.