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Business/Financial

CAE To Acquire Lockheed Martin Commercial Flight Training Business

By Cal Biesecker

Monday, February 22nd, 2016

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CAE To Acquire Lockheed Martin Commercial Flight Training Business

Lockheed Martin Commercial Flight Training simulator. Photo: Lockheed Martin.

Canada’s CAE [CAE] on Monday said it has agreed to acquire the commercial flight training business of Lockheed Martin [LMT], expanding its customer base and adding full-flight simulators and related equipment.Terms of the deal, which is subject to regulatory approvals and employee consultation, were not disclosed. CAE said it can’t confirm timing to close the deal until after all approvals are received.Lockheed Martin Commercial Flight Training has 300 employees, most of them in Europe. The business provides a full range…

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