CAE to acquire L3Harris Technologies military training business for US $ 1.05 billion

CAE to acquire L3Harris Technologies military training business for US $ 1.05 billion

Acquisition highly complementary to CAE’s core military training business in the United States Expands CAE’s position in training and simulation in multi-domain operations Low percentage of adolescents BPA increase expected in first full year after closing, including expected cost synergies Expected to be immediately accretive for Defense & Safety operating profit and EBITDA (1) margins on operational efficiency Funding structure in line with investment grade profile of CAE Transaction Builds on CAE’s Track Record of Successful Acquisitions

MONTREAL, March 1, 2021 / PRNewswire / – (NYSE: CAE) (TSX: CAE) – CAE today announced that it has entered into a definitive agreement with L3Harris Technologies (NYSE: LHX) to acquire the military training company by L3Harris for US $ 1.05 …

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  • Headline: CAE to acquire L3Harris Technologies military training business for US $ 1.05 billion
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