Story ID: 
Simcom Holds Groundbreaking for New Headquarters
By: Kerry Lynch
Caption: Simcom's relocated headquarters in the Orlando area will provide expanded space for simulators.
Word Count: 177
Simcom International is holding a groundbreaking ceremony on Wednesday for a $109 million headquarters and training facility in Orlando. 

Announced in concert with the Orlando Economic Partnership in August 2020, the facility marks a new location for Simcom in the Lake Nona area of Orlando and will provide space for five additional full-flight simulators.

In discussing plans in 2020 to relocate its headquarters from Lee Vista Road, Simcom president Eric Hinson had called “the new downtown Lake Nona district…the perfect location for our continued growth.” Simcom and the Orlando Economic Partnership anticipated at the time that the facility would result in the addition of 50 jobs at the center over two years.

Scheduled to attend the groundbreaking is Orlando Mayor Buddy Dyer, along with CAE president Marc Parent and Directional Aviation Capital principal Kenneth Ricci. Directional Aviation Capital acquired Simcom in 2018 and then sold a 50 percent stake to CAE a year later. Along with that sale, Directional entered into a 15-year exclusive training agreement with CAE and Simcom for its various companies.