The Montreal-based flight-simulator company entered into a definitive agreement to acquire L3Harris Technologies’ military-training business for US$1.05 billion. (The Logic)
Skip to content
The Montreal-based flight-simulator company entered into a definitive agreement to acquire L3Harris Technologies’ military-training business for US$1.05 billion. (The Logic)
Talking point: The acquisition will enhance CAE’s training and simulation capabilities in space and cyber, the company said in a statement. This is the latest acquisition for CAE. In December 2020, it acquired Merlot Aero for US$25 million. A month prior, it agreed to buy a flight-simulation technology business from Textron for US$40 million and Amsterdam’s Flight Simulation Company in a $70-million deal. Last month, the company reported a quarterly profit and revenue drop as the pandemic weighed on its civil-aviation training segment.
Loading...
Thanks for sharing!
You have shared 5 articles this month and reached the maximum amount of shares available.
CloseThis account has reached its share limit.
If you would like to purchase a sharing license please contact The Logic support at [email protected].
CloseGift the full article!
You have gifted 0 article(s) this month and have 5 remaining.
Recipients will be able to read the full text of the article after submitting their email address. They will not have access to other articles or subscriber benefits.
Most Popular This Week
In-depth, agenda-setting reporting
Great journalism delivered straight to your inbox.
News
Canadian firms are ready to help with digital sovereignty. Their challenge is getting approved
Briefing
Radical Ventures leads US$130M financing for AI model maker Prime Intellect
Intact warns of larger-than-expected losses from extreme weather and fire claims
Quebec government greenlights 50-year, $2.5B energy deal with Innu community
Best business newsletter in Canada
Get up to speed in minutes with insights and analysis on the most important stories of the day, every weekday.
Exclusive events
See the bigger picture with reporters and industry experts in subscriber-exclusive events.
Membership in The Logic Council
Membership provides access to our popular Slack channel, participation in subscriber surveys and invitations to exclusive events with our journalists and special guests.
