CAE Completes Acquisition of Bombardier's Military Aviation Training Unit

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."