Link Simulation News Today

While many pilots wouldn’t know who came up with Lamplugh's famous quote, most pilots would agree with it.

The training giant has added the German air force to its list of defense customers that have turned to civilian contractors for initial flight training.

June 28, 2021   Maryam Farag CAE announced that it has received all the required regulatory approvals for the previously announced acquisition of L3Harris Technologies’ Military Training business for US$1.05 billion subject to customary adjustments, and expects closing to be complete on July 2. The L3Harris Military Training business, which includes Link Simulation & Training, Doss Aviation and AMI, will be integrated with CAE USA. This will approximately double CAE’s core m...

Broadens CAEs position in training and simulation across multi-domain operations Low-teens percentage EPS accretion expected within first full year post closing, including expected cost synergies Expected to be immediately accretive to Defence & Security operating profit and EBITDA (1) margins on operational efficiencies Funding structure consistent with CAEs investment grade profile Transaction builds on CAEs track record of successful acquisitions MONTREAL, March 1, 2021 /PRNewswire/ -  ...

By Murdo Morrison2021-03-01T15:01:00+00:00 CAE has made its largest acquisition to date and its fourth in almost as many months, after agreeing to buy L3Harris’s US military training arm for $1.05 billion. Source: US Air Force US Air Force crew train in a CAE-run Lockheed Martin C-130H simulator The deal – which is expected to close in the second half of this year – will make the Canadian firm the largest non-OEM training provider to the US military, with a position on key programmes su...

Investors reacted to the largest deal in CAE’s history by driving up the stock

The CAE headquarters is seen Thursday, May 14, 2009 in Montreal. THE CANADIAN PRESS/Paul Chiasson March 01, 2021 - 6:01 AM MONTREAL - CAE Inc. announced a deal Monday with U.S. company L3Harris Technologies to buy the companys military training business for US$1.05 billion. The L3Harris military training business includes Link Simulation & Training, Doss Aviation and AMI. "We are adding new customers, experience on new platforms and building our depth of expertise to address a...

CAE to Acquire L3Harris Technologies Military Training Business for $1B Our Bureau 1811 CAE today announced it will acquire L3Harris Technologies Military Training business for $1.05 billion. The Acquisition value represents approximately 13.5 times the L3Harris Military Training business estimated adjusted 2020 EBITDA(1) or approximately 10 times, including cost synergies, which are expected to reach a range of C$35 to C$45 million (approximately $28 to $35 million) annually by the end of th...