CAE acquisition of L3Harris Military Training
CAE bought L3Harris's military training business (Link Simulation & Training, Doss Aviation and AMI), adding US Air Force flight training and simulation work to CAE USA.
- Company
- L3Harris Military Training
- Type
- M&A
- Status
- Completed
- Date
- Jul 2021
- Value
- US$1.05bn
- Value basis
- US$1.05bn, subject to customary adjustments; about 13.5 times estimated adjusted 2020 EBITDA
- Region
- US
- Segment
- Training and simulation
Parties
- CAE buyer
- L3Harris Technologies seller
Key terms
- Businesses
- Link Simulation & Training, Doss Aviation, AMI
- Funding
- C$700m subscription receipts, a US$287m share offering and available liquidity
- Announced
- 1 Mar 2021
Sources
- CAE press release (Form 6-K exhibit): CAE to acquire L3Harris Technologies' Military Training business sec.gov · 1 Mar 2021
- CAE first quarter fiscal 2022 results (Form 6-K exhibit): acquisition concluded after the quarter sec.gov · 11 Aug 2021
Record DEF-INV-2021-0020. Investments are kept apart from the financings register and never counted in debt totals.
