CAE (CAE.TO) – Is The Era Of Volocopter eVTOL Aircraft Is Coming?

Starting from July 6 till July 9, the stock was fluctuating at C$38.58 with tiny volatility until it fell to C$37.08 on July 12. After that, the stock remains at the same level with the small volatility. The day’s range of the stock is C$37.01 – C$38.34, The average volume is 469,153 stocks while the total volume consists of 733,175 stocks.CAE is a manufacturer of simulation and training services. On July 9, the company announced that it has connected a key association with Volocopter to create an electric vertical takeoff and landing (eVTOL) pilot preparing program in planning for Volocopter’s first eVTOL aircraft up and coming entry-into-service.

The eVTOL pilot preparing program points to create a long-standing time pilot workforce and guarantee the secure presentation of eVTOL operations all-inclusive by leveraging CAE’s progressed advances. The company is aiming to expand the preparing network with forecasted speculation of up to $40M to meet Volocopter’s anticipated pilot request within the early a long time of operation.

Jack Dawkins

Finance and Tech Contributor

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