Fixed-price defence deals drag down CAE’s profits — and share price

MONTREAL — Fixed-price defence contracts dragged down profits at CAE Inc. as it reported its third-quarter profit fell nearly 30 per cent compared with a year ago even as its revenue rose. Shares in the company were down $2.58 or about nine per cent to $25.80 in early afternoon trading Wednesday. CAE said fixed-price contracts […] Read The Rest at :