The life-like robot of a pregnant woman _ aimed at helping train health-care professionals in handling complicated deliveries _ displays vital signs and responses during labour and delivery scenarios, including breech and fetal distress.
"There's nothing else out there on the market, which not only is a good revenue driver for CAE, but it's going to have a societal benefit of improving the way that people are prepared to deal with abnormalities during birth," CEO
Developed with leading maternal fetal educators in the U.S. and biomedical engineers at the
The unit holds promise because a recent U.S. government study reported a 75 per cent increase in serious maternal complications, such as heart attack or stroke, during or after childbirth between 1998 and 2009.
CAE conceded that sales and margins at its new health-care and mining division stalled in the third quarter as operating income decreased 17.6 per cent to
But Parent said improvements will come from the millions of dollars in R&D investments in new products in the segment.
"Let's have a little patience here, . . . I see this trending positive as these new products come out," he told analysts.
He said the
CAE (TSX:CAE) earned
The company earned
Overall, CAE's third-quarter revenues grew to
CAE was expected to earn
Its civil aerospace segment had
It received 12 full-flight simulator orders in the quarter and three more in the fourth quarter, which ends
"We believe that this segment should be generating margins of 15 per cent or better and we continue to expect further improvement as newly installed simulators ramp up," he wrote in a report.
On the military side, operating income increased 22 per cent to
Parent said the recently approved U.S. budget is bringing clarity to American military spending priorities.
CAE has submitted more bids this fiscal year than all of last year and expects to maintain its win rate despite increased competition.
"Our business...is a nice solution in the time of budget cuts," he said, noting that the cost of simulation-based training is just 10 per cent of training on real aircraft.
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