CAE has closed the acquisition of Bombardier's Military Aviation Training business for Canadian $19.8 million.
All the required conditions and regulatory approvals have been obtained and the transaction has been concluded, CAE said in a statement Thursday.
This acquisition significantly strengthens CAE's core capabilities as a training systems integrator (TSI) globally, and further expands its offering into support for live flying training of future military pilots, including next-generation fighter pilots, for the Royal Canadian Air Force and its allies. CAE becomes the prime contractor responsible for the NATO Flying Training in Canada (NFTC) program that produces qualified military pilots for defence customers.
"The closure of this NFTC program acquisition follows the recent competitive win in the USA to deliver the Army Fixed Wing pilot training program, another full training system including live aircraft. Together, these programs are accelerating the advancement of CAE's training systems integration capability and overall strategy," said Gene Colabatistto, CAE's Group President, Defence & Security.
CAE has won US$90.5 million worth defence contracts including a Mitsubishi Electric order to provide components of the Magnetic Anomaly Detection (MAD) system for twenty P-1 maritime patrol aircraft of Japan
CAE and Eurofighter Simulation Systems (ESS) have renewed collaboration agreement related to the provision of visual systems on the Eurofighter Typhoon Aircrew Synthetic Training Aids (ASTA) program. Under the Eurofighter ASTA program, ESS serves as the prime contractor and design authority for the comprehensive suite of Eurofighter training systems operated by the four Eurofighter partner nations (United Kingdom, Germany, Spain, and Italy) as well as Austria
CAE today has appointed Andrew Jazwick as Vice President, Washington Operations for its Defense and Security business unit. The company announced today that in this new position, Jazwick will serve as the senior executive for CAE Defense and Security in Washington, DC and have responsibility for all CAE worldwide efforts involving the greater Washington, DC area
Boeing justified its case against Bombardier at the International Trade Commission (ITC) hearing on Monday by claiming that Bombardiers ‘illegal business practices with its C Series aircraft harmed United States domestic industry. “Boeing brought this case seeking enforcement of US trade law, which mirrors the widely-accepted rules of international trade adopted by most WTO member nations, including Canada
The government of Tanzania has signed a contract with Bombardier for the procurement of two Q400 turboprop airliners. The aircraft will be delivered with a 76-seat, dual-lavatory configuration and will be used for commercial airline operations in the region, the company said in a statement Monday
Bombardier has entered into a definitive agreement for the previously announced $1 billion US investment by the Government of Québec in a newly created C Series Aircraft Limited Partnership (CSALP), to which the assets, liabilities and obligations of the C Series aircraft program will be transferred. “We are delighted to officially welcome the Government of Québec as an equity partner in the C Series program,” said Alain Bellemare, President and Chief Executive Officer, Bombardier
CAE has delivered a comprehensive Naval Tactical Mission Trainer (TMT) suite comprising a total of 52 student stations along with 13 instructor operator stations to equip the Swedish Navy's Naval Warfare Training System (NWTS). Following installation and integration testing, the NWTS is expected to be ready-for-training later this summer, the company said in a statement Monday
CAE will deliver 42 Tactical Mission Trainer (TMT) consoles to Royal Swedish Navy in early 2016. Along with the TMT, CAE will also deliver a Naval Warfare Training System (NWTS)
CAE has won a contract to provide C-17/KC-135 Aeromedical Evacuation Training System to US Air Force. The company announced Monday it has received an order on behalf of the US Air Force through the Defense Logistics Agency (DLA) Tailored Logistics Support (TLS) program
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