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Business/Financial

CAE To Acquire Bombardier’s Military Aviation Training Business

By Cal Biesecker

Monday, January 26th, 2015

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CAE To Acquire Bombardier’s Military Aviation Training Business

Bombardier Photo

Canada’s CAE on Monday said it has agreed to acquire Bombardier’s Military Aviation Training business for $15.9 million, enhancing its capabilities as a training systems integrator and expanding its offering into support for live flying training of future military pilots.The deal is expected to close this year pending regulatory approvals.CAE said the acquisition will allow it to become the prime contractor for the NATO Flying Training in Canada (NFTC) program that produces qualified military pilots for defense customers.“As a training…

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