CAE vs RTX CAE looks to have a roughly 50% revenue split from civil aviation and defence - would you consider it comparable to Raytheon without having to be exposed to currency conversions via buy/sells?
We would not consider them to be similar businesses as CAE is focused primarily on simulation training, while RTX manufactures actual military defense systems used on the ground. CAE arguably has a stronger market position within its niche as well and with more diversification given they are also focused on civil aviation and health care. That said, RTX is far larger, offers more products and is generally a more stable company to own. (5iResearch)