CAE in deal for Lockheed Flight Training

CAE (Booth 8133) has entered into a conditional agreement to acquire Lockheed Martin's Commercial Flight Training (LMCFT) business. LMCFT makes a variety of simulators, lately for Airbus and Boeing aircraft. “We look forward to servicing an expanded customer installed base with this relatively small bolt-on acquisition and view positively the opportunity to pick up certain useful assets and to create synergies with our existing business,” said Marc Parent, president and CEO of CAE. CAE has 160 sites and training locations in 35 countries and the world’s largest installed base of flight simulators.