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L3Harris closes sale of certain business units to CAE and RENK for $1.45bn

L3Harris closes sale of certain business units to CAE and RENK for $1.45bn
army-technology.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from army-technology.com Daily Mail and Mail on Sunday newspapers.

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Asphalt plant nestled among medical offices in Muskegon looks to move

Asphalt plant nestled among medical offices in Muskegon looks to move
Updated Mar 08, 2021;
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MUSKEGON, MI – An asphalt plant that seems out of place amid a growing medical corridor on Sherman Boulevard is making plans to move operations closer to Muskegon Lake.
Asphalt Paving Inc. is seeking a zoning change that would allow it to move from 1000 E. Sherman Blvd. to a location off Getty Street near Moses Jones Parkway.
The move would put it closer to other operations of Verplank, its parent company.
A zone change, from I-1 light industrial to I-2 general industrial, and a special use permit for the 20-acre property eyed for the new location was approved last week by the Muskegon Planning Commission. The rezoning will be considered by city commissioners Tuesday, March 9. ....

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Tuesday's Daily Pulse

Tuesday s Daily Pulse
| 3/2/2021
Florida’s unemployment fix could cost $244 million
State officials are asking for up to $244 million over the next five years to overhaul the unemployment system that failed for millions Floridians during the pandemic last year. During a Monday hearing before state senators, Department of Economic Opportunity Director Dane Eagle said the online unemployment system, known as CONNECT, “did a disservice to the people of Florida.” He said the system wasn’t worth saving, comparing it to an iPhone purchased in 2013 that had hardly been updated. The solution, he told senators, was spending up to $73 million on a new system, plus $24 million in maintenance and $146 million over five years in additional costs brought on by the pandemic. More from the Tampa Bay Times, the South Florida Sun-Sentinel, and the Orlando Sentinel. ....

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L3Harris to sell businesses to CAE, RENK for USD1.45 billion

US-based L3Harris Technologies has agreed to sell its Military Training business to Canadian simulation and training company CAE for USD1.05 billion, and its Combat Propulsion Systems (CPS) business and related entities to German transmissio. ....

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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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