CAE Inc.

It keeps you in the sector and is probably one of the better monetizers of AI spending right now.

Stock number two, CAE.

CAE is the Canadian company best known for flight simulators and pilot training.

But John's focus is on its defense business.

So, John, what's the opportunity on the defense side?

But, you know, they might get to 2, 2.5%, which means massive increases from where they are currently.

And I just think for Canada, spending is going to be focused on some of the companies that provide some of the defense services.

And, you know, a name like CAE fits perfectly into that.

I've invested it.

I own Simcom, which I sold to CAE.

I own what is today Atlantic Aviation.

Hold

But what we do is aircraft-specific maintenance training.

So when it comes to some of our major competitors, those are people like CAE, Flight Safety, but we don't offer any type of pilot training.

We're not in the flight training game.

We just want to be... perfect at maintaining so where most people have instructor professional instructors we kind of pride ourselves on the fact that we have professional maintainers that have had decades of hands-on experience on the aircraft that they are going to be training on and uh then we put them through training to understand how to be a good instructor so

Did you hear about that at all?

Uh, I think CAE might've been doing some research that, that I'm aware of, something related to biofeedback and VR setups and augmented reality.

Yeah, this was, uh, here in Portage, and I think maybe Moose Jaw, but I'm not positive.

Or I said here in Portage.

Because of all of this, very few 737 MAX simulators were made.

Only two companies manufacture them, CAE and TRU Simulation.

These simulators are not a whole lot cheaper than the aircraft themselves.

A full-movement 737 MAX simulator is estimated to cost up to $15 million, and therefore the hourly cost to run one of these is in the thousands.

Okay, let's get to an email from Rita here.

Uh, what do you think of CAE? Uh, this is a company out of Quebec that does flight simulation trains, the training for pilots essentially.

Uh, what do you think of CAE-

CAE-Yeah, so CAE, we have owned this at times in the past.

Uh, we don't currently have a position.

Um, they do flight simulations and flight, flight simulators for, for, uh, training pilots for, for major airlines.

Yeah

Now, this is the difference between a real airplane, uh, a CAE level simulator, and the uFly simulator.

The air speed has not changed since we started this experiment.

This is, this is the issue with a, a simulator that is not certified for training, is it-