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CAE's defence business takes $700M hit as fixed-price contracts drag down earnings

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CAE Inc. expects to report a half-billion-dollar loss for its fourth quarter after massive one-time charges linked to its beleaguered defence business.

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CAE's defence business takes impairment charge, expects Q4 lossCAE Inc. says it expects to report a loss attributable to equity holders of $504.7 million in its fourth quarter, due to one-time charges related to its defence business.
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CAE's defence business takes impairment charge, expects Q4 lossMONTREAL — CAE Inc. says it expects to report a loss attributable to equity holders of $504.7 million in its fourth quarter, due to one-time charges related ...
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CAE's defence business takes impairment charge, expects Q4 lossMONTREAL — CAE Inc. says it expects to report a loss attributable to equity holders of $504.7 million in its fourth quarter, due to one-time charges related to its defence business.
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