Sign In
Search
Business/Financial

CAE, RENK To Acquire L3Harris Military Training, Engine Businesses In Deals Worth $1.5 Billion

Cal Biesecker By
SHARE:
CAE, RENK To Acquire L3Harris Military Training, Engine Businesses In Deals Worth $1.5 Billion
L3Harris Technologies Chairman and CEO William Brown. Photo: L3Harris Technologies

L3Harris Technologies [LHX] on Monday said it has agreed to sell its Military Training business and Combat Propulsion Systems business to Canada’s CAE and Germany’s RENK AG, respectively, for a combined $1.5 billion, part of the company’s ongoing divestiture of non-core businesses. CAE will pay nearly $1.1 billion in cash for the Military Training business, which generated about $500 million in sales for L3Harris in 2020. CAE said the acquisition will diversity its training and simulation work in the air…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Business/Financial

Energy Fuels Gets DoD Investment To Expand Into Expand Rare Earth Supply Chains

Business/Financial

Honeywell Aerospace Begins Trading On Nasdaq

Business/Financial

Private Equity Firm Arcline Investment To Acquire Avantus Aerospace Group

Business/Financial

MARTAC Partners With Intrepid Powerboats To Build Hundreds Of USVs

Trending

Duffey: F-47 “At the Cutting Edge of Technology” and Government, Industry Collaboration
Honeywell Aerospace Begins Trading On Nasdaq
PACAF Evaluating Boeing MQ-28 Ghost Bat In Valiant Shield
House Appropriators Uncertain Navy Will Award F/A-XX Contract By August
Trump Directive Wants Review Of Programs That Could Be Replaced By Drones

Congress Updates

Congress

House Heads For Recess Without Moving On NDAA After Procedural Vote Fails

The House will leave for the Fourth of July recess without moving forward on its $1.15 trillion fiscal year 2027 National Defense Authorization Act (NDAA), with a procedural vote to […]

Congress

Bipartisan Group Of House Members Introduce U.S.-Ukrainian Co-Production Bill For Unmanned Systems

A bipartisan group of six House legislators have introduced the Strategic Unmanned Systems Partnership Act–a bill to improve drone collaboration between the U.S. and Ukraine. Rep. Michael McCaul (R-Texas), the […]

Space

Will $4 Billion For SB-AMTI/Space Data Network Backbone In Supplemental Reduce Or Add To Planned Funding For Systems In Reconciliation?

Nearly all of the Department of the Air Force’s fiscal 2027 procurement and research and development (R&D) budget for space-based air moving target indication (SB-AMTI) and the Space Data Network […]

Congress

House Appropriators ‘Concerned’ With JLTV A2 Delays, Shift Funds For Marines’ Second Supplier Effort

House appropriators have said they’re “seriously concerned” with Joint Light Tactical Vehicle (JLTV) A2 delays, as their fiscal year 2027 defense spending bill shifts funds to support the Marine Corps’ […]

The Force Multipliers

Force Multipliers

Michael Harrison – SANS Institute

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Job Feed

Post a Job // Post a Resume