CAE announced that it has closed the acquisition of Bombardier's Military Aviation Training Unit for C$19.8M. The acquired business includes approximately 200 employees supporting the NATO Flying Training in Canada (NFTC) program. According to the company's press release, "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."
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