CDR Names CAE Canada's #1 Defence Company For 2014
Canada's top defence and military magazine, CANADIAN DEFENCE REVIEW, has released its annual survey and ranking of defence companies in Canada.
Montreal-based CAE, a world leader in training systems for both the civil and defence sectors was named the # 1 company in this year’s survey while eight new companies were added to the Top 50 list. This marks the second time that CAE has earned the #1 position in the annual survey of Canada’s Top 50 Defence Companies, having achieved the top spot in the initial ranking back in 2005.
This is the tenth year for the CDR survey of Canada’s Top Defence Companies and in announcing this year’s rankings, CDR Publisher and Editor-in-Chief, Peter Kitchen commented, “With the selection of CAE as this year’s # 1 company we have come full circle as it was CAE that earned the top spot back in 2005 when we launched the very first survey. It was CDR’s intention then to shine the spotlight on Canada’s defence industry and help Canadians understand the important work these companies are doing.”
Kitchen added, “Since CAE achieved that # 1 spot back in 2005 it has grown as a company and it is now much more than a builder of simulators, offering a wide range of capabilities in the land, sea and air arenas. We feel CAE is an extremely worthy choice as Canada’s # 1 Defence Company because of its world leadership in its field, its innovation, its contribution to the Canadian economy and of course its dedicated work in support of the Canadian Forces.”
In responding to the announcement of the #1 ranking, CAE’s Mike Greenley, Vice President and General Manager, Defence & Security said, “CAE is honoured to be recognized by CANADIAN DEFENCE REVIEW as Canada’s top defence company for 2014. We are proud to be a homegrown Canadian company that delivers and supports both operational and training systems for the Canadian Forces across air, land, sea and public safety. This recognition from CDR is testament to our growth as a full-service defence and security company here in our home market.”
In CDR’s Top 50 Defence Companies Rankings for 2014, there were eight new companies added, indicating that Canada’s defence industry is vibrant and growing.
As in past years, an evaluation panel consisting of CDR editorial staff and independent advisors ranked the companies based on factors such as economic impact, innovation, contribution to the nation's security, and support of Canada’s military.
A detailed profile on CAE as well as the complete Top 50 Defence Companies rankings can be found in CDR’s May edition. The survey is also available on the CDR website: www.CanadianDefenceReview.com