CAE gets approval for acquisition of L3 Harris Technologies' Military Training business

摘要

CANADIAN MILITARY training provider CAE has received the required regulatory approvals for the acquisition of L3Harris Technologies' Military Training business for US$1.05bn.In a statement released on June 28, CAE revealed that it expected to complete the purchase on July 2 in a move that marks a significant expansion of the company's position in the military training and simulation market, approximately doubling its core business across the United States.The L3Harris Military Training business, which includes Link Simulation and Training, Doss Aviation and AMI, will be integrated with CAE USA and, according to the official statement, serve to broaden the company's ability to provide training and support solutions across multi-domain operations.