:

Business/Financial

CAE To Acquire Lockheed Martin Commercial Flight Training Business

By Cal Biesecker

Monday, February 22nd, 2016

SHARE:

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…

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’ […]

Budget

House Appropriators Uncertain Navy Will Award F/A-XX Contract By August

House appropriators said they are skeptical the Defense Department will award the engineering and manufacturing development (EMD) contract for the Navy’s F/A-XX next-generation carrier-based fighter program by the most recent […]

Congress

House Appropriators Approve $1.07 Trillion FY ‘27 Defense Bill Amid Reconciliation Uncertainty

The House Appropriations Committee has approved its $1.07 trillion fiscal year 2027 defense spending bill, advancing a bill with a historic topline while uncertainty lingers over Congress’ next step to […]

Budget

House Appropriators Add Restrictions And Reporting Requirement To Battleship, Reject Cut

The chairman’s mark of the House Appropriations Committee’s (HAC) fiscal year 2027 defense appropriations bill funds the administration’s $1 billion request for the BBG(X) Trump-class battleship, but adds restrictions requiring […]