CAE Inc. chief executive Matthew Bromberg (L) and Prime Minister Mark Carney tour company facilities in Montreal, on Feb. 17, 2026. The Canadian Press/Christinne Muschi
The head of CAE Inc. says the Iran war is poised to continue hammering its bottom line, as the flight simulator maker scales back its footprint abroad to achieve millions of dollars in savings.
CEO Matthew Bromberg says the turmoil in the Persian Gulf is “having a month-by-month impact” on bookings and sales as airlines slash flight schedules and dial back training in a conflict zone.
