January 27, 2015
CAE to acquire Bombardier’s Military Aviation Training unit
CAE and Bombardier have signed an agreement for CAE’s acquisition of Bombardier’s Military Aviation Training business for approximately CA$19.8m. The closing of the transaction is conditional on usual conditions and regulatory approvals, and if those are obtained closing is expected to occur during 2015. This move significantly enhances CAE’s core capabilities as a training systems integrator (TSI) globally, and 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. Upon conclusion of this transaction, CAE will be the prime contractor responsible for the NATO Flying Training in Canada (NFTC) program that produces qualified military pilots for defence customers. Bombardier’s Military Aviation Training business includes approximately 200 employees supporting the NATO Flying Training in Canada (NFTC) program. NFTC was launched in 2000 and utilizes more than 700,000 km² of air space at Canadian Forces Base (CFB) Moose Jaw and CFB Cold Lake. In addition to classroom, computer-based, and simulator training, the NFTC program delivers live flying training on a fleet of Beechcraft T-6 (CT-156 Harvard) trainer aircraft and BAE Systems Hawk (CT-155 Hawk) lead-in fighter trainer aircraft. The NFTC program is also responsible for full maintenance and operation of the aircraft under the governance of Canada’s Department of National Defence airworthiness program. In addition to the Royal Canadian Air Force, other NATO partners and allies have sent student and instructor pilots through the NFTC program, including Denmark, the United Kingdom, Singapore, Italy, Hungary, Austria, Saudi Arabia and the United Arab Emirates. CAE is a global leader in providing comprehensive training solutions based on world-leading simulation technology and integrated training services. The company employs 8,000 people at more than 160 sites and training locations in 35 countries.