Veteran defence and aerospace leader brings international integration and delivery experience as demand for PAL Aerospace’s unique special mission solutions accelerates.
WINNIPEG, Manitoba — Exchange Income Corporation (TSX: EIF) (“EIC” or the “Corporation”) announced its subsidiary PAL Aerospace has appointed Simon Carroll as President of PAL Aerospace, effective March 9, 2026. Carroll will lead the organization’s broad portfolio including airborne special mission engineering and modification; C4ISR mission software and integration; contracted special missions operation and data management; defence in-service support; and adaptive special mission training across a growing global operations footprint.
Carroll brings senior leadership experience across Canada, the Middle East, and Australia. Prior to PAL Aerospace, he held executive roles with Saab, including President of Saab Canada and President and General Manager of Saab Middle East LLC, leading business development and program execution across multiple regions. Earlier, he served 13 years as a Warfare Officer in the Royal Australian Navy and held postings within the Australian Defence Force’s Capability Development Group. After leaving the Navy, he worked in the defence and telecommunications sectors.
PAL Aerospace and the broader EIC family provide Canada’s strategic C4ISR edge by linking sovereign mission software and integration with special mission operations, Arctic mobility, and in-country sustainment – supported by a coast-to-coast-to-coast air network and defence-enabling infrastructure. “Engaging highly talented individuals, like Simon, demonstrates the commitment and importance that both EIC & PAL place on the defence sector,” said Jake Trainor, President, EIC. “Simon strengthens the leadership depth at PAL Aerospace and deliver dependable mission outcomes for customers. EIC’s strategy is straightforward: build sovereign, Canadian capability and deliver it reliably at maximum impact.”
“Simon is joining at a pivotal moment for PAL Aerospace as we are seeing domestic and global demand for proven sovereign allied mission-ready capability accelerating,” said Calvin Ash, CEO – PAL Group of Companies. “Simon is a proven integrator of people, technology, and capabilities with deep international relationships and leadership experience. As our growth accelerates in Canada and globally, his track record leading multi-region teams and delivering complex programs will help us continue to move quickly, execute reliably, and deliver the exceptional outcomes our customers depend on.”
“PAL Aerospace has built an exceptionally rare set of end-to-end special missions capabilities, from mission software and systems integration to engineering, flight operations, sustainment, and training,” said Simon Carroll, President, PAL Aerospace. “What has stood out most to me is the strength and passion of the teams in Canada and across the company’s global facilities. I’m looking forward to working closely with them to scale our next-gen solutions and deliver mission-ready capability with the dependable execution PAL has become known for.”