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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 ....
OTTAWA (dpa-AFX) - CAE (CAE, CAE.TO) is nearing a deal to buy L3Harris Technologies Inc.'s (LHX) military-training division for $1.05 billion, the Wall Street Journal reported citing people familiar ....
CAE to buy L3Harris military training business for US$1.05 billion - Medicine Hat NewsMedicine Hat News medicinehatnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from medicinehatnews.com Daily Mail and Mail on Sunday newspapers.
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 such as the US Air Force’s Lockheed Martin F-16 and Northrop Grumman B-2, and the US Navy and US Marine Corps Boeing F/A-18. ....
CAE to acquire L3Harris Technologies' military training business for $1.05 billion verticalmag.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from verticalmag.com Daily Mail and Mail on Sunday newspapers.