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CAE to acquire L3Harris US defence business

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...
United States New Zealand Dan Gelston Us Navy Flight Simulation Company Us Air Force Lockheed Martin

CAE's civil training business remains profitable in most-recent quarter | In depth

By Jon Hemmerdinger2021-02-12T23:07:00+00:00 Canadian pilot training company CAE’s civil aerospace business turned a C$48 million ($38 million) operating profit in the third quarter of the company’s 2021 fiscal year despite the pandemic driving revenue down by more than half. Despite the ongoing downturn, CAE chief executive Marc Parent remains bullish about the company’s long-term prospects, predicting CAE will “emerge from this period with even greater strength”. Source: CAE CAE f...
Virgin Atlantic Airways Flight Simulation Company Marc Parent Virgin Atlantic Merlot Aero Tru Simulation

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