CAE Receives Approval to Buy Back Up to 16.07 Million Common Shares
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 05 2026
0mins
CAE announced that it has received regulatory approval to renew its normal course issuer bid to purchase, for cancellation, up to 16,073,033 of its common shares commencing June 10 and ending June 9. The maximum number of common shares that may be repurchased under the program represents approximately 5% of the issued and outstanding common shares of CAE, as of May 29. The actual number of common shares purchased under the NCIB, the timing of purchases and the price at which the common shares are bought will depend upon management discretion based on factors such as market conditions. As of May 29, CAE had 321,460,674 common shares issued and outstanding.
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Analyst Views on CAE
Wall Street analysts forecast CAE stock price to rise
4 Analyst Rating
3 Buy
1 Hold
0 Sell
Strong Buy
Current: 25.230
Low
33.97
Averages
38.04
High
42.10
Current: 25.230
Low
33.97
Averages
38.04
High
42.10
About CAE
CAE Inc. is a technology company. Its segments include Civil Aviation, and Defense and Security. The Civil Aviation training segment provides comprehensive training solutions for flight, cabin, maintenance, ground personnel and air traffic controllers in commercial, business and helicopter aviation, a complete range of flight simulation training devices, ab initio pilot training and crew sourcing services, as well as airline operations digital solutions. It manages approximately 363 full-flight simulators. Its training systems include CAE Real-time Insights and Standardized Evaluations (CAE Rise), which improves training through the integration of untapped flight and simulator data-driven insights into training. The Defense and Security segment is a global training and simulation provider delivering scalable, platform-independent solutions. The Defense and Security market includes defense forces, original equipment manufacturers, government agencies and public safety organizations.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Sustainability Recognition: CAE has been named one of the World's Most Sustainable Companies 2026 by TIME and Statista, reflecting the company's outstanding performance in corporate social responsibility and enhancing its reputation in the global market.
- Rigorous Evaluation Standards: The selection process involved assessing over 5,800 of the world's largest companies against more than 20 key performance indicators, with CAE standing out in revenue, market capitalization, and public prominence to secure a spot among the top 750.
- Climate Transition Progress: Over the past year, CAE has intensified its climate transition efforts, including increasing the use of renewable electricity and improving governance practices, thereby reinforcing its commitment to sustainability and creating long-term value.
- Industry Leadership: As a leading provider of training and simulation solutions, CAE's achievements in sustainability not only enhance its competitive edge in the market but also lay a solid foundation for future developments in the aviation and defense sectors.
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- Sustainability Honor: CAE has been recognized in the 2026 World's Most Sustainable Companies list, highlighting its outstanding performance in corporate social responsibility, with only 750 out of over 5,800 assessed companies achieving this distinction, underscoring its leadership in the industry.
- Evaluation Criteria: The ranking is based on over 20 key performance indicators, including compliance with international reporting standards, emissions, and commitment to sustainability goals, reflecting CAE's comprehensive efforts in sustainable development.
- Management Statement: CAE's Chief People and Sustainability Officer, Hélène V. Gagnon, stated that this recognition reflects the company's ongoing progress in climate transition, transparency, and governance practices, further solidifying its commitment to sustainability.
- Global Impact: With training and operational bases in over 40 countries, CAE is dedicated to enhancing safety in the aviation and defense sectors through innovative training and simulation solutions, indicating its strategic importance in promoting industry sustainability.
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- Global Recognition: CAE has distinguished itself by being included in the 2026 World's Most Sustainable Companies list, becoming one of the 750 awarded companies, which enhances its reputation in the global market for corporate social responsibility.
- Assessment Criteria: The selection process involved a multi-dimensional analysis of over 5,800 of the world's largest companies, evaluating more than 20 key performance indicators related to sustainability, reflecting CAE's compliance with international reporting standards, emissions reduction, and sustainability goals.
- Commitment to Sustainability: CAE's Chief People and Sustainability Officer, Hélène V. Gagnon, stated that this honor reflects the company's ongoing progress in climate transition, governance practices, and renewable electricity usage, further solidifying its leadership position in the industry.
- Industry Impact: As a leading provider of training and simulation solutions, CAE's sustainability efforts not only enhance its market competitiveness but also create lasting value for all stakeholders, driving overall industry advancement.
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- Buyback Program Update: CAE has received regulatory approval to repurchase up to 16.07 million common shares, representing approximately 5% of its issued shares as of May 29, 2026, aimed at enhancing long-term shareholder value.
- Repurchase Timeline: The new buyback program will commence on June 10, 2026, and conclude on June 9, 2027, lasting for 12 months, reflecting the company's commitment to its capital allocation strategy.
- Daily Repurchase Limit: Based on a six-month average daily trading volume of 944.03K shares, CAE is permitted to repurchase up to 236.01K shares per trading day, with the flexibility to make one insider-free block purchase weekly, enhancing operational agility.
- Automatic Repurchase Plan: CAE has established an automatic repurchase plan with TD Securities Inc., allowing systematic share purchases during regulatory and self-imposed blackout periods, ensuring the smooth execution of the buyback.
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- Buyback Program Renewal: CAE has received regulatory approval to renew its normal course issuer bid, allowing the repurchase of up to 16.07 million common shares from June 10, 2026, to June 9, 2027, representing approximately 5% of its outstanding shares as of May 29, 2026, aimed at enhancing shareholder value.
- Market Flexibility: The repurchases will be conducted through various trading platforms, including the Toronto Stock Exchange and the New York Stock Exchange, with CAE planning to adjust the timing and price of purchases based on market conditions and management discretion to optimize fund utilization.
- Automatic Repurchase Plan: CAE has entered into an automatic repurchase plan with TD Securities, allowing share buybacks during regulatory restrictions, ensuring continuity in its buyback strategy even during blackout periods, thereby enhancing market confidence and liquidity.
- Historical Buyback Data: Under the previous buyback program from June 10, 2025, to June 9, 2026, CAE repurchased 565,259 shares at an average price of $35.44 per share, totaling $20 million, demonstrating the company's commitment to capital allocation and shareholder interests.
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- Buyback Program Renewal: CAE has received regulatory approval to renew its normal course issuer bid (NCIB) to repurchase up to 16.07 million common shares, starting June 10, 2026, and ending June 9, 2027, which is expected to enhance shareholder value.
- Significant Repurchase Ratio: The shares to be repurchased represent approximately 5% of the issued common shares as of May 29, 2026, indicating the company's focus on capital allocation aimed at enhancing earnings per share through a reduction in outstanding shares.
- Flexible Trading Strategy: CAE plans to execute the buyback through various trading platforms, including the Toronto Stock Exchange and the New York Stock Exchange, and may utilize an automatic repurchase plan to trade during regulatory restrictions, ensuring adaptability to market fluctuations.
- Historical Buyback Performance: Under the previous buyback program from June 10, 2025, to June 9, 2026, CAE repurchased 565,259 shares at an average price of $35.44 per share, reflecting the company's proactive approach to capital management.
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