Aerospace Group:

Business/Financial

CAE To Acquire Textron Simulation And Training Unit

By Cal Biesecker

Wednesday, November 25th, 2020

SHARE:

CAE To Acquire Textron Simulation And Training Unit

Textron TRU Simulation + Training photo

Canada’s CAE on Wednesday said it has agreed to acquire portions of Textron’s [TXT] TRU Simulation + Training subsidiary for $40 million in cash in a deal that expands its customer base for installed commercial flight simulators and the market for simulator life-cycle support services. Textron's TRU Simulation + Training business develops, manufactures and services flight and maintenance training devices for the civil and defense aviation markets. Products include portable desktop devices, fixed-base training devices and full-motion simulators for fixed-wing…

Congress

Pentagon Fiscal 2027 Budget To Address Cannibalization Of Parts For F-35, Legislator Says

The Pentagon’s upcoming fiscal 2027 budget request will help reduce the cannibalization of parts for the F-35 fighter by Lockheed Martin [LMT], the chairman of the House Armed Services Committee’s […]

Budget

Trump’s $1.15 Trillion Request For DoD Is The ‘New Normal,” HASC Chairman Says

COLORADO SPRINGS, Colo.—The Trump administration’s nearly $1.2 trillion baseline defense budget request for fiscal year 2027 will be adopted and will be the foundation for the “new normal” going forward, […]

Congress

Trump Wants Second Reconciliation Bill On His Desk By June 1

President Donald Trump on Wednesday called on Congress to pass and send a second reconciliation bill to his desk by June 1. The deadline follows congressional Republicans’ backing a pursuit […]

Space

Upgrading Current GPS Ground System “Now a Viable Option,” As GPS OCX Problems Continue, Space Official Says

Upgrades to the GPS ground system–the Architecture Evolution Plan (AEP)–is an option under consideration by the Defense Department’s space acquisition chief, as problems continue in fielding the GPS Next Generation […]