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

Vatn Systems Acquires Company With Subsea Acoustic Sensing And Signal Processing Expertise

Business/Financial

Karman To Acquire Composites And Material Sciences Companies To Boost Navy Work

Business/Financial

Space Radar, Satellite Startup Array Labs Raises $20 Million

Business/Financial

L3Harris Trims Operating Segments In Realignment

Trending

Trump Directive Halts Dividends, Stock Repurchases By “Major Defense Contractors”
Northrop Grumman Says It’s Received Navy Contract for SSRM After Beating Anduril
Trump Says Defense Firms Must Build Weapons Faster, Arms Sales Take ‘Too Long’
GD and HII To Work On Trump’s New BBG(X) Battleship Design For Six Years, Analysts See $10-15 Billion Cost
L3Harris Trims Operating Segments In Realignment

Contract Updates

Chandler Construction Services Inc. (Ninety Six, South Carolina) – $16,471,000

Chandler Construction Services Inc., Ninety Six, South Carolina, was awarded a $16,471,000 firm-fixed-price contract for the furnishing, installing, and placing into successful operation of water main pipe. The amount of this action is $16,471,000. Bids were solicited via the internet…

M1 Support Services LP (Denton, Texas) – $68,822,271

M1 Support Services LP, Denton, Texas, was awarded a $68,822,271 modification (P00206) to contract W9124G-17-C-0104 for Army and Air Force aviation maintenance. The modification brings the total cumulative face value of the contract to $5,522,349,151. Work will be performed at…

Lake Union Drydock Co. (LUDC) (Seattle, Washington) – $12,683,144

Lake Union Drydock Co.* (LUDC), Seattle, Washington, is awarded a $12,683,144 firm-fixed-price contract for the maintenance, repair and preservation of YTT-10 (YTT-9 Cape Flattery-class torpedo trials craft) service life extension program. This contract includes options which, if exercised, would bring…

Innovative Professional Solutions Inc. (Panama City Beach, Florida) – $13,631,598

Innovative Professional Solutions Inc.,* Panama City Beach, Florida, is awarded a $13,631,598 firm-fixed price/cost-only contract for fabrication and installation of minesweeping winches.  This contract includes supplies for the government of the Republic of Korea (100%) under the Foreign Military Sales…

The Force Multipliers

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Force Multipliers

Force Multipliers – Fred Taylor

Force Multipliers

Force Multipliers – Adam Maruyama

Job Feed

Post a Job // Post a Resume