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| CAE-built CT-156 Harvard flight training device operated as part of the NATO Flying Training in Canada (NFTC) program. Photo: Department of National Defence (DND) |
[Avionics Today 01-27-2015] CAE has announced it will acquire Bombardier’s Military Aviation Training business for approximately $15.9 million. The move comes after Bombardier’s announcement earlier this month to halt its Learjet 85 program, leading many to believe that the company’s resources may be stretched thin. The closing of the transaction is conditional on regulatory approvals, which are expected to be resolved later this year.
Bombardier’s Military Aviation Training business includes approximately 200 employees supporting the NATO Flying Training in Canada (NFTC) program. Through the acquisition, CAE will expand its business into support for live flying training of future military pilots, including next-generation fighter pilots, for the Royal Canadian Air Force and its allies.
“We plan to expand the NFTC program, and leverage our new capabilities into future integrated training systems programs worldwide,” said Marc Parent, CAE’s president and CEO.