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CAE Inc. |
Canada Pension Plan (CPP) Investment in 2011 = $25 million |
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This is the online version of |
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Investments in CAE by other Top Canadian Pension Funds: |
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AIMCo |
$2,646,000 | |||
Caisse |
$20,291,000 | |||
OMERS |
$1,187,000 | |||
PSPI |
$42,814,000 | |||
Total = $91,938,000 | ||||
CAE’s flight simulators are, in effect, the world’s most realistic war games. Besides training pilots, bombardiers and other crew in warfighting skills, they also provide "mission rehearsals" to prepare warriors psychologically. By repeatedly simulated attacks, warriors can more easily conduct real bombing sorties when ordered. CAE products are also used to design and evaluate major weapons systems, such as Boeing’s "Ballistic Missile Defence" weapons. This Montreal-based company ranked within the world’s top-100 war industries every year between 2000 and 2009. (Only one other Canadian firm, DY4 Systems, ever even made it on to this list.) With military revenues reaching US$851 million in 2010, CAE now holds 72nd place, down from its highest position ever, 61st place, in 2001. CAE contracts with the US government totalled US$571 million between 2000 and 2009. Of these, 99.9% were military related. CAE has a global network of 24 aviation training centers which use more than 115 full-flight simulators. It trains 50,000+ crew members annually, including pilots, weapons specialists and technicians. CAE flight simulators are used for the RQ-1 "Predator" drone as well as for many varieties of military helicopters (including the AH-1, AH-64, CH-46, CH-47, CH-53, MH-47, MH-60, UH-1 and UH-60) and warplanes (such as the A-10, AV-8, C-130, E-3, EA-6B, EC-130, F-15, F-16, F/A-18 and Lynx.) Israel’s Ministry of Defense says the CAE flight simulator that they use to train UH-60 and CH-53 helicopter crews, is among "the most advanced trainers of it kind." It provides "pre-mission preparedness training including mid-air refueling, dust landings, collaboration with naval vessels, payload hoists and low altitude flights." Israeli pilots used UH-60s and CH-53s to attack Lebanon (2006) and Gaza (2008-2009). In 2010, UH-60s dropped commandos onto a civilian ship bringing aid to Gaza. Nine passengers were killed and dozens were injured. CAE continues to expand its longstanding partnership with Israel Aircraft Industries (IAI) to develop training solutions. For example, in 2009, CAE and IAI finished developing a comprehensive mission system to train sensor operators and mission commanders how to operate Unmanned Aerial Vehicles. IAI used CAE’s "STRIVE" simulation framework to build the CORAL system, "a comprehensive suite of simulation software tools," which military commanders use to generate and evaluate complex battlefield scenarios involving numerous warplanes, weapons and other assets. In August 2011, CAE "signed a strategic teaming agreement" to become "the preferred simulation and mission training solution provider" for Aeronautics Defense Systems (ADS), an Israeli manufacturer of Unmanned Aerial Vehicles (UAV). ADS also conducts "all-inclusive operational missions for the Israeli Defense Forces." (See ADS in Bank Hapoalim.) |
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COAT research (published in Issues 66 and 67 of Press for Conversion!) exposes that in 2011 the
CPP owned about $1.5 billion worth of shares in 68 corporations supplying Israel with military, police, surveillance and
prison-related products. To read COAT's research on the first half of these 68 companies, click the pdf links below to see the print version of Issue 66. Or, click each company name for the web version.) (Articles on the second set of 34 companies are in Issue #67 of Press for Conversion!): |
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pdf 3M Co pdf Amdocs Ltd pdf Analog Devices Inc pdf AT&T pdf BAE Systems pdf Bank Hapoalim pdf Bezeq pdf Bharat Electronics Ltd pdf CAE Inc pdf Carlyle Group pdf Caterpillar Inc pdf Cellcom Israel pdf Cemex pdf Cisco Systems pdf CRH plc pdf Daewoo Engineering & Construction pdf Daimler AG pdf Delek Group pdf Dell Inc pdf Discount Investment Corp pdf Doosan Corp pdf Eaton Corp pdf Elbit Systems pdf EMC Corp pdf Evraz Group pdf Fiat Industrial pdf Fiat SpA pdf Finmeccanica pdf Fujitsu Ltd pdf Hewlett-Packard Co pdf Hitachi Ltd pdf Honeywell International pdf Hyundai Motor Co pdf Hyundai Heavy Industries Additional resources from this issue: Israeli Spy Companies: Verint and Narus
State-owned Israeli War
Industries:
Vertex Venture Capital:
Table listing
CPP Investments worth $1.5
billion
in 66 companies supporting Israel's military, police, surveillance, prison-industrial complex.
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Top 100 Defense Contractors, Defense News "CAE, Canada’s Role in so called ‘Missile Defense,’" Press
for Conversion!, June 2005. Contracts to CAE Corp. Air Simulation and Courses "Video reveals European, American weapons used in Israeli
attack on Gaza Flotilla," June 13, 2010. "CAE - IAI to display UAV training system at Aero India
2009," February 11, 2009. "IAI Introduces Concept Of Operations Research And Analysis
Lab," November 28, 2005. "IAI and CAE collaborate to develop new training solutions,"
November 28, 2005. CAE 2010 Annual Information Form "IAI’s MagNet Division and CAE to Develop a UAV Mission
Trainer," February 11, 2009. Alan Peaford, "CAE signs team training deal with Israeli
defence manufacturer," Aug. 18, 2011. |