Mr. Matt Bromberg reports

CAE AND TKMS SIGN TEAMING AGREEMENT TO PURSUE THE CANADIAN PATROL SUBMARINE PROJECT (CPSP)

CAE Inc. has signed a teaming agreement with TKMS in support of TKMS's pursuit of the Canadian patrol submarine project.

The teaming agreement partnership brings together TKMS's proven submarine design and construction expertise with CAE's global leadership in simulation-based training and mission system support to serve the Royal Canadian Navy.

Under this teaming agreement, CAE will support TKMS's bid to deliver a comprehensive, long-term training and sustainment capability tailored to the Royal Canadian Navy's future submarine fleet. It will closely replicate real-world submarine operations to ensure crews develop the confidence and expertise needed for mission success.

"CAE is proud to stand with TKMS as Canada moves forward on its next generation of submarine capability," said Matt Bromberg, president and chief executive officer, CAE. "Submarine operations demand precision, teamwork and absolute readiness. Our core responsibility is to give Royal Canadian Navy crews training that reflects the pressure and complexity they will face at sea. CAE has spent decades preparing naval teams around the world through advanced simulation and mission-ready training. We bring that experience and a strong commitment to Canadian industry and to this partnership. Together, we are strengthening the RCN's readiness and supporting Canada's long-term security."

"Training is a critical pillar of operational effectiveness for modern naval forces," said Oliver Burkhard, chief executive officer, TKMS. "Through this agreement with CAE, we are strengthening our ability to deliver an integrated and sustainable training solution as part of Canada's patrol submarine project. We value CAE's global expertise in simulation and training technologies and look forward to deepening our co-operation in support of Canada's submarine program."

As a trusted defence partner to Canada and its allies, CAE is committed to supporting Canada's sovereign submarine capability and strengthening the resilience of Canadian industry. The teaming agreement between CAE and TKMS aims to ensure that the Royal Canadian Navy has the advanced capabilities required to safeguard Canadians and protect Canada's vast coastline and Arctic interests. The teaming agreement establishes a strong, innovation-driven partnership that supports Canada's long-term submarine readiness and reinforces its ability to operate confidently in an increasingly complex maritime environment.

As part of this joint effort, CAE is also identified as a strategic partner in support of TKMS engagements more broadly, in connection with international and export subsurface and surface naval programs that include training and simulation components.

About CAE Inc.

At CAE, it exists to make the world safer. It delivers cutting-edge training, simulation and critical operations solutions to prepare aviation professionals and defence forces for the moments that matter. Every day, it empowers pilots, cabin crew, maintenance technicians, airlines, business aviation operators, and defence and security personnel to perform at their best and when the stakes are the highest. Around the globe, it is everywhere customers need it to be with approximately 13,000 employees at around 240 sites and training locations in over 40 countries. For nearly 80 years, CAE has been at the forefront of innovation, consistently seeking to set the standard by delivering excellence in high-fidelity flight simulators and training solutions while embedding sustainability at the heart of everything it does. By harnessing technology and enhancing human performance, it strives to be the trusted partner in advancing safety and mission readiness -- today and tomorrow.