# EDGAR Filing Document

**Accession Number:** 0001173382
**File Stem:** 0000000000-23-001927
**Filing Date:** 2023-2
**Character Count:** 6934
**Document Hash:** 1c1afa42f2339cf67b746aed100cc18b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000000000-23-001927.hdr.sgml**: 20230411

**ACCESSION NUMBER**: 0000000000-23-001927

**CONFORMED SUBMISSION TYPE**: UPLOAD

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20230227

**FILED FOR**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CAE INC
- **CENTRAL INDEX KEY:** 0001173382
- **STANDARD INDUSTRIAL CLASSIFICATION:** MISCELLANEOUS ELECTRICAL MACHINERY, EQUIPMENT & SUPPLIES [3690]
- **IRS NUMBER:** 000000000

**FILING VALUES:**
- **FORM TYPE:** UPLOAD

**BUSINESS ADDRESS:**
- **STREET 1:** 8585 COTE DE LIESSE
- **CITY:** ST-LAURENT
- **STATE:** A8
- **ZIP:** H4T 1G6
- **BUSINESS PHONE:** 514-341-6780

**MAIL ADDRESS:**
- **STREET 1:** 8585 COTE DE LIESSE
- **CITY:** ST-LAURENT
- **STATE:** A8
- **ZIP:** H4T 1G6
**PUBLIC REFERENCE ACCESSION NUMBER**: 0001173382-22-000017

## Text-Extract

```

United States securities and exchange commission logo

                              February 27, 2023

       Sonya Branco
       Chief Financial Officer
       CAE Inc.
       8585 C  te-de-Liesse
       Saint-Laurent, Qu  bec, H4T 1G6

                                                        Re: CAE Inc.
                                                            Form 40-F for the
Fiscal Year Ended March 31, 2022
                                                            Filed June 23, 2022
                                                            File No. 001-31402

       Dear Sonya Branco:

              We have limited our review of your filing to the financial
statements and related
       disclosures and have the following comments. In some of our comments, we
may ask you to
       provide us with information so we may better understand your disclosure.

              Please respond to these comments within ten business days by
providing the requested
       information or advise us as soon as possible when you will respond. If
you do not believe our
       comments apply to your facts and circumstances, please tell us why in
your response.

                                                        After reviewing your
response to these comments, we may have additional comments.

       Form 40-F for the Fiscal Year Ended March 31, 2022

       Management's Discussion and Analysis
       4. Consolidated Results, page 22

   1.                                                   You disclosed that you
continue to be affected by ongoing supply chain disruptions.
                                                        Please revise MD&A in
future filings to more fully address whether supply chain
                                                        disruptions materially
affect your outlook or business goals. Quantify and disclose, to the
                                                        extent possible, how
your revenues, profits, and/or liquidity have been impacted, and
                                                        discuss known trends or
uncertainties resulting from mitigation efforts undertaken,
                                                        including whether any
mitigation efforts introduce new material risks, including those
                                                        related to product
quality, reliability, or regulatory approval.
 Sonya Branco
FirstName
CAE Inc. LastNameSonya Branco
Comapany27,
February  NameCAE
            2023   Inc.
February
Page 2 27, 2023 Page 2
FirstName LastName
Consolidated Financial Statements
Note 3 - Business Combinations, page 24

2.       Please provide us with the significance test calculations of Rule
1-02(w) of Regulation S-
         X supporting your conclusion that L3Harris Technologies Military
Training business
         financial statements, pursuant to Rule 3-05 of Regulation S-X, were
not required to be
         presented.
       In closing, we remind you that the company and its management are
responsible for the
accuracy and adequacy of their disclosures, notwithstanding any review,
comments, action or
absence of action by the staff.

       You may contact Dale Welcome at 202-551-3865 or Ernest Greene at
202-551-3733 with
any questions.

                                                              Sincerely,

                                                              Division of
Corporation Finance
                                                              Office of
Manufacturing

```

### Attached PDF Documents

**Attachment 1:** `filename1`

![img-0.jpeg](img-0.jpeg)

CORPORATION FINANCE

# UNITED STATES  
SECURITIES AND EXCHANGE COMMISSION  
WASHINGTON, D.C. 20549

February 27, 2023

Sonya Branco  
Chief Financial Officer  
CAE Inc.  
8585 Côte-de-Liesse  
Saint-Laurent, Québec, H4T 1G6

**Re: CAE Inc.**

**Form 40-F for the Fiscal Year Ended March 31, 2022**

**Filed June 23, 2022**

**File No. 001-31402**

Dear Sonya Branco:

We have limited our review of your filing to the financial statements and related disclosures and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure.

Please respond to these comments within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response.

After reviewing your response to these comments, we may have additional comments.

Form 40-F for the Fiscal Year Ended March 31, 2022

Management's Discussion and Analysis

4. Consolidated Results, page 22

1. You disclosed that you continue to be affected by ongoing supply chain disruptions. Please revise MD&A in future filings to more fully address whether supply chain disruptions materially affect your outlook or business goals. Quantify and disclose, to the extent possible, how your revenues, profits, and/or liquidity have been impacted, and discuss known trends or uncertainties resulting from mitigation efforts undertaken, including whether any mitigation efforts introduce new material risks, including those related to product quality, reliability, or regulatory approval.

Sonya Branco
CAE Inc.
February 27, 2023
Page 2

# Consolidated Financial Statements

# Note 3 - Business Combinations, page 24

2. Please provide us with the significance test calculations of Rule 1-02(w) of Regulation S-X supporting your conclusion that L3Harris Technologies Military Training business' financial statements, pursuant to Rule 3-05 of Regulation S-X, were not required to be presented.

In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff.

You may contact Dale Welcome at 202-551-3865 or Ernest Greene at 202-551-3733 with any questions.

Sincerely,

Division of Corporation Finance
Office of Manufacturing