CAE

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Category: CAE

CAE buying L3Harris Technologies' military training business for US$1.05 billion - APDRCAE announced that it has entered into a definitive agreement with L3Harris Technologies to acquire L3Harris’ Military Training business for US$1.05 billion. The acquisition value represents approximately 13.5 times the L3Harris Military Training business estimated adjusted 2020 EBITDA or approximately 10 times, including cost synergies, which are expected to reach a range of approximately US$28 million to US$35 million annually by the end of the second year following closing of the acquisition.

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Category: CAE

CAE will design and manufacture a P-8A flight simulator for the Royal New Zealand Air Force similar to the P-8A operational flight trainer shown above already delivered to the U.S. Navy.On the eve of the start of the CAE OneWorld 2021 virtual conference and tradeshow, CAE announced that during its fiscal third quarter Boeing ordered a P-8A operational flight trainer (OFT) for the Royal New Zealand Air Force (RNZAF). CAE will design and manufacture the hardware for the RNZAF’s P-8A flight simulator. In addition, CAE will develop a suite of P-8A Aircraft Equipment enhanced Desktop Environment (AeDTE) trainers,..

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