CAE to ac­quire Bom­bardier’s Mil­i­tary Avi­a­tion Train­ing unit

SP's MAI - - CORPORATE -

CAE and Bom­bardier an­nounced that they have signed an agree­ment for CAE’s ac­qui­si­tion of Bom­bardier’s Mil­i­tary Avi­a­tion Train­ing busi­ness for ap­prox­i­mately C$19.8 mil­lion. The closing of the trans­ac­tion is con­di­tional on usual con­di­tions and reg­u­la­tory ap­provals, and if those are ob­tained closing is ex­pected to oc­cur in 2015.

This move sig­nif­i­cantly en­hances CAE’s core ca­pa­bil­i­ties as a train­ing sys­tems in­te­gra­tor (TSI) glob­ally, and ex­pands its of­fer­ing into sup­port for live-fly­ing train­ing of fu­ture mil­i­tary pi­lots, in­clud­ing next-gen­er­a­tion fighter pi­lots, for the Royal Canadian Air Force and its al­lies. Upon con­clu­sion of this trans­ac­tion, CAE will be the prime con­trac­tor re­spon­si­ble for the NATO Fly­ing Train­ing in Canada (NFTC) pro­gramme that pro­duces qual­i­fied mil­i­tary pi­lots for de­fence cus­tomers.

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