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Simulation Technology, Not Just for Airlines - Vimarsana News

Simulation Technology, Not Just for Airlines

While many pilots wouldn’t know who came up with Lamplugh's famous quote, most pilots would agree with it.

CAE Lands Luftwaffe Ab Initio Pilot Training Contract - Vimarsana News

CAE Lands Luftwaffe Ab Initio Pilot Training Contract

The training giant has added the German air force to its list of defense customers that have turned to civilian contractors for initial flight training.

CAE receives approvals for acquisition of L3Harris Technologies' Military Training business - Vimarsana News

CAE receives approvals for acquisition of L3Harris Technologies' Military Training business

June 28, 2021   Maryam Farag CAE announced that it has received all the required regulatory approvals for the previously announced acquisition of L3Harris Technologies’ Military Training business for US$1.05 billion subject to customary adjustments, and expects closing to be complete on July 2. The L3Harris Military Training business, which includes Link Simulation & Training, Doss Aviation and AMI, will be integrated with CAE USA. This will approximately double CAE’s core military training business in the U.S. “Following the closing, we are pleased to welcome L3Harris ...

Source: plant.ca
CAE to acquire L3Harris Technologies' Military Training business for US$1.05 billion - Vimarsana News

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 wi...

CAE to acquire L3Harris US defence business - Vimarsana News

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 such as the US Air Force’s Lockheed Martin F-16 and Northrop Grumman B-2, and the US Navy and US Mar...