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Business/Financial

CAE To Acquire Textron Simulation And Training Unit

By Cal Biesecker

Wednesday, November 25th, 2020

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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…

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