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CAE on track to close purchase of L3Harris military training business on 2 July | News
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CAE to buy L3Harris military training business for US$1 05B
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Broadens CAE s 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 CAE s investment grade profile
Transaction builds on CAE s track record of successful acquisitions
MONTREAL, March 1, 2021 /PRNewswire/ -
(NYSE: CAE) (TSX: CAE) – CAE today announced that it has entered into a definitive agreement with L3Harris Technologies (NYSE: LHX) to acquire L3Harris Military Training business for US$1.05 billion, subject to customary adjustments (the
Acquisition ). The Acquisition value represents approximately 13.5 times the L3Harris Military Training business estimated adjusted 2020 EBITDA
CAE to buy L3Harris military training business for US$1 05 billion - Medicine Hat NewsMedicine Hat News
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