CAE to buy military training business from L3Harris for $1.05-billion
Investors reacted to the largest deal in CAE’s history by driving up the stock
Source: theglobeandmail.com
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CAE to buy L3Harris military training business for US$1.05 billion | iNFOnews | Thompson-Okanagan's News Source
The CAE headquarters is seen Thursday, May 14, 2009 in Montreal. THE CANADIAN PRESS/Paul Chiasson March 01, 2021 - 6:01 AM MONTREAL - CAE Inc. announced a deal Monday with U.S. company L3Harris Technologies to buy the company's military training business for US$1.05 billion. The L3Harris military training business includes Link Simulation & Training, Doss Aviation and AMI. "We are adding new customers, experience on new platforms and building our depth of expertise to address all domains â air, land, sea, space and cyber â as well as expanding into adjacent markets...
Source: infotel.ca
CAE to Acquire L3Harris Technologies' Military Training Business for $1B
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 pe...
Source: defenseworld.net