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CAE to acquire L3Harris Technologies' Military Training business for US$1.05 billion


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 ....

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CAE to acquire L3Harris Technologies' military training business for $1.05 billion

Canada's CAE Expands US Presence; Buys $1B L3Harris Training « Breaking Defense - Defense industry news, analysis and commentary


By  
Theresa Hitchens
on March 01, 2021 at 1:37 PM
Raytheon’s T-6 trainer is used by the Air Force and Navy for basic pilot training.
WASHINGTON: CAE’s acquisition of L3Harris’s Military Training unit continues the Canadian firm’s efforts to expand and broaden its US defense portfolio, especially with the Air Force, say company officials and industry analysts.
“CAE will be a very good parent, hungry to grow its USAF training portfolio, plus become a larger DoD contractor,” one US market analyst said in an email.
“The proposed acquisition represents a significant value creation opportunity for all CAE stakeholders. It accelerates our growth strategy in Defence and Security and is highly complementary to our core military training business, broadening our position in the United States,” said Marc Parent, CAE’s president and CEO in a statement this morning announcing the buy. ....

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CAE to Acquire L3Harris Technologies' Military Training Business for $1B


CAE to Acquire L3Harris Technologies Military Training Business for $1B
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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. ....

United States , Us Navy Marine Corps , Simulators Training Program , United States Air Force , Technologie Military Training , Military Training , Link Simulation , Doss Aviation , Common Architecture Requirements , Training Program , Marine Corps , Based Strategic Deterrent , ஒன்றுபட்டது மாநிலங்களில் , எங்களுக்கு கடற்படை கடல் கார்ப்ஸ் , சிமுலேட்டர்கள் பயிற்சி ப்ரோக்ர்யாம் , ஒன்றுபட்டது மாநிலங்களில் அேக படை , தொழில்நுட்பம் இராணுவம் பயிற்சி , இராணுவம் பயிற்சி , இணைப்பு உருவகப்படுத்துதல் , டாஸ் விமான போக்குவரத்து , பொதுவானது கட்டிடக்கலை தேவைகள் , பயிற்சி ப்ரோக்ர்யாம் , கடல் கார்ப்ஸ் , அடிப்படையிலானது மூலோபாய தடுப்பு ,