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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 ...

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...

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 creatio...

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...