L3Harris Hits Post-Merger Goals as It Tightens Operations
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CAE completes deal for L3Harris Technologies S&T businesses
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June 28, 2021 Maryam Farag
CAE announced that it has received all the required regulatory approvals for the previously announced acquisition of L3Harris Technologies’ Military Training business for US$1.05 billion subject to customary adjustments, and expects closing to be complete on July 2.
The L3Harris Military Training business, which includes Link Simulation & Training, Doss Aviation and AMI, will be integrated with CAE USA. This will approximately double CAE’s core military training business in the U.S.
“Following the closing, we are pleased to welcome L3Harris Military Training customers and employees to CAE,” said Marc Parent, President and CEO, CAE. “This represents the largest acquisition in our history and clearly demonstrates our strategy to strengthen and expand our position in all the markets CAE serves. We will be emerging from the pandemic much stronger and more ready to meet the growing demands of our customers.”