Mr. Matthew Bromberg reports

CAE AND SAAB STRENGTHEN PARTNERSHIP WITH TEAMING AGREEMENT FOR CANADA'S AIRBORNE EARLY WARNING AND CONTROL (AEW&C) BASED ON THE GLOBALEYE PLATFORM

CAE Inc. has signed a teaming agreement with Saab to support Canada's airborne early warning and control program based on the GlobalEye platform.

This agreement builds on the worldwide co-operation agreement signed between CAE and Saab last year, which positions CAE as Saab's preferred partner for training and simulation solutions across its AEW&C platforms. The Canada-specific teaming agreement represents a natural next step in this strategic partnership, reinforcing both companies' commitment to delivering a comprehensive solution tailored to Canada's operational requirements.

As part of this collaboration, CAE will support the development of Canada's future AEW&C capability through its expertise in flight training, mission and rear crew training, enabling fully integrated training solutions. Leveraging Saab's leadership in airborne surveillance and CAE's advanced simulation capabilities, the partnership is designed to strengthen mission effectiveness and operational readiness for the Canadian Armed Forces.

"CAE's world-class defence expertise will be critical to enabling a high performance AEW&C capability for Canada," said Matthew Bromberg, president and chief executive officer, CAE. "Building on our long-standing collaboration and trust with Saab, this agreement reflects our shared commitment to delivering innovative, integrated solutions that strengthen operational performance and support Canada's defence priorities."

The partnership also includes exploring broader areas of collaboration through mission system support, advanced training, live, virtual and constructive integration, and simulation solutions for the Canadian program.

"GlobalEye delivers cutting-edge multidomain surveillance, offering long-range detection and advanced situational awareness across air, maritime and land domains. We value the opportunity to further strengthen our partnership with CAE and to collaborate on the Canadian program, which will also serve as a stepping stone for future opportunities," said Micael Johansson, president and chief executive officer, Saab.

This agreement also highlights CAE's commitment to supporting Canada's defence industrial strategy and economic growth. The CAE and Saab solution for the airborne early warning and control program will contribute to job creation and skills development, strengthening Canada's aerospace and defence ecosystem while supporting sovereign capability development. The partnership is expected to drive innovation, foster high-value expertise, and reinforce Canada's position as a leader in advanced training and simulation.

About CAE Inc.

At CAE, it exists to make the world safer. It delivers cutting-edge training, simulation and critical operations solutions to prepare aviation professionals and defence forces for the moments that matter. Every day, it empowers pilots, cabin crew, maintenance technicians, airlines, business aviation operators, and defence and security personnel to perform at their best and when the stakes are the highest. Around the globe, it is everywhere customers need it to be with around 240 sites and training locations in over 40 countries. For nearly 80 years, CAE has been at the forefront of innovation, consistently seeking to set the standard by delivering excellence in high-fidelity flight simulators and training solutions, while embedding sustainability at the heart of everything it does. By harnessing technology and enhancing human performance, it strives to be the trusted partner in advancing safety and mission readiness -- today and tomorrow.