Textron to sell part of flight simulation unit to Canada’s CAE for $40 million

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In this news, we discuss the Textron to sell part of flight simulation unit to Canada’s CAE for $40 million.

(Reuters) – Business jet maker Cessna Textron Inc said on Wednesday it had agreed to sell part of its flight simulation and training business to CAE Inc in Canada for $ 40 million in cash.

Report by Ankit Ajmera in Bengaluru; Editing by Shailesh Kuber

Original © Thomson Reuters

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