CAE to acquire Bombardier’s Military Aviation Training unit
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.