CAE Recalls Laid-off Employees in Canada, Signs Ventilator Contract

CAE has recalled all remaining temporarily laid-off employees in Canada. Between recalls of employees providing essential services and recalls through the Canada Emergency Wage Subsidy (CEWS) program, approximately 1,500 employees will be back on the payroll this week; the vast majority are based in Montreal and will work from home. The temporary layoffs were part of a series of measures CAE announced on April 6 in response to the COVID-19 pandemic.

CAE also announced that it has signed a contract with theGovernment of Canada on April 10 to manufacture and supply 10,000 ventilatorswhich will be used to help save lives of COVID-19 patients. The company isfinalizing the design and testing of its CAE Air1 ventilator and is preparingfor production. The first unit is expected to be delivered in early May tohealth authorities for certification.

In addition, CAE announced that it is leveraging its globalsupply chain to source scarce N95 masks for humanitarian purposes in support offront-line health workers. To date, CAE has secured 100,000 N95 masks whichwill be delivered to the Quebec government.

"I applaud the Government of Canada for its immediateand decisive action to support Canadians by creating the emergency wage subsidyprogram. It also allows Canadian industry to put staff back on payroll and bebetter positioned to rebound when the current challenges have passed,"said Marc Parent, CAE's President and CEO. "CAE employees are proud toplay a role in saving lives by equipping the country with a made-in-Canadaventilator, and by using the CAE global supply chain to obtain a significantquantity of N95 masks to protect our guardian angels who are caring forCOVID-19 patients."