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 the second year following closing of the Acquisition.
The Acquisition is expected to be low-teens percentage EPS accretive to CAE in the first full year post closing, including expected cost synergies. The closing of the Acquisition is expected in the second half of calendar year 2021, subject to regulatory approvals and other customary closing conditions.
CAE to acquire L3Harris Technologies Military Training business for US$1 05 billion
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Carnegie Endowment for International Peace
Since the 1990s, every U.S. presidential administration has published a Nuclear Posture Review that explains the rationales behind its nuclear strategy, doctrine, and requested forces. The review envisioned and summarized here explicitly elucidates the dilemmas, uncertainties, and tradeoffs that come with current and possible alternative nuclear policies and forces.
Published January 21, 2021
Executive Summary
Ever since the election of Bill Clinton in 1992, every U.S. presidential administration has published a Nuclear Posture Review (NPR) that explains the rationales behind its nuclear strategy, doctrine, and requested forces. These reviews have helped inform U.S. government personnel, citizens, allies, and adversaries of the country’s intentions and planned capabilities for conducting nuclear deterrence and, if necessary, war. The administration that takes office in January 2021 may or may not conduct a new NPR, but it will assess a