Mr. Matthew Bromberg reports

CAE ANNOUNCES EXECUTIVE CHANGES TO SUPPORT DEFENSE & SECURITY TRANSFORMATION AND ACCELERATE GROWTH

CAE Inc. has made senior leadership changes that support the company's commitment to operational excellence and sharpened focus on core growth priorities. These changes are designed to strengthen CAE's defence and security performance, accelerate margin expansion, and enable the segment to fully capitalize on rising global demand for mission-ready defence solutions.

"Today's announcement marks another step in accelerating execution and driving greater alignment across our business," said Matthew Bromberg, CAE's president and chief executive officer. "This will propel our momentum and further reinforce CAE's position as a global defence and security leader. Through this disciplined transformation, we are preparing CAE to seize the significant growth ahead in defence and security, building on our core strengths to deliver durable, long-term value."

Pascal Grenier appointed president, defence and security

Mr. Grenier has been appointed president, defence and security, where he will oversee the global defence portfolio. His mandate includes strengthening the defence business to enable optimization and growth, driving a global portfolio through a unified go-to-market approach, and reaffirming CAE as a trusted defence partner to achieve faster, scalable mission readiness across the training ecosystem. Mr. Grenier will also provide strategic oversight for the U.S. defence and security segment, enhancing alignment and cohesion across CAE's global defence operations.

France Hebert, vice-president and general manager, defence and security, Canada and international, will report to Mr. Grenier. The company also announced that Merrill Stoddard is leaving CAE to pursue other opportunities, effective immediately. Srini Dixit, currently serving as CAE Defense & Security chief financial officer, will take on the additional responsibility as interim vice-president and general manager for CAE Defense & Security USA, until a permanent leader is confirmed. With CAE Defense & Security USA operating under a special security agreement (SSA), Mr. Dixit will report directly to the CAE USA board of directors, with an indirect reporting line to Mr. Grenier.

With more than 25 years at CAE, Mr. Grenier brings the depth, perspective and operational expertise required to lead the defence organization. Throughout his CAE career, he has built and led some of the company's most critical global operational functions -- from engineering and manufacturing to sourcing/procurement, quality assurance, innovation, IT (information technology) and digital solutions -- serving all of CAE's business units. He also gained significant defence and security experience, developing a strong command of program performance, mission-critical technologies, customer expectations, and what it takes to deliver complex defence programs with speed and rigour. Mr. Grenier has consistently strengthened the foundations of CAE's operations, expertise that will be essential to driving defence growth at this pivotal moment.

"Pascal is uniquely positioned to accelerate our defence momentum. His hands-on knowledge of programs, manufacturing and technology -- and strong credibility as a transformational leader -- will create a lasting impact for all our stakeholders. His leadership at CAE clearly demonstrates his ability to stabilize, strengthen and scale business initiatives while quickly building trust with customers," said Mr. Bromberg.

CAE's defence and security segment is a core pillar of the company's global operations, generating $2-billion in annual revenue -- 42 per cent of CAE's total fiscal 2025 revenues. With approximately 6,000 employees in 18 countries, the business supports defence forces in the United States, Canada, Europe and allied nations. As global demand for advanced, integrated training across air, land, sea, space and cyber domains continues to rise, the defence business is well positioned for long-term growth. CAE's proven execution, deep customer relationships and leading simulation technologies provide a differentiated advantage in the highest-priority areas of the defence market. Rooted in nearly 80 years of innovation and supported by a global team that includes more than 1,900 veterans, CAE's defence and security business brings operational insight and mission-ready expertise to defence forces in Canada and allied nations around the world.

About CAE Inc.

At CAE, the company exists to make the world safer. CAE delivers cutting-edge training, simulation and critical operations solutions to prepare aviation professionals and defence forces for the moments that matter. Every day, CAE 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, CAE is everywhere customers need the company 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 the company does. By harnessing technology and enhancing human performance, CAE strives to be the trusted partner in advancing safety and mission readiness -- today and tomorrow.