Military growing more reliant on contractors a boon for CAE, chief executive says

News Snapshot:

MONTREAL — CAE Inc. chief executive Marc Parent says a growing reliance on private contractors by Western armed forces — including Canada’s — bodes well for his company and global security, even as questions linger around spending and accountability. Escalating strife and international conflict have sparked a military build-up that means governments contending with personnel shortfalls depend increasingly on private sector firms for everything from catering and construction to hired guns. “Nobody’s happy about the rise of geopolitical tensions around the world. But what is happening for sure is that defence budgets are on the rise,” Parent said in an...