Home / M&A Activity / Gene Colabatistto: CAE Completes Buy of Bombardier Military Flight Training Business

Gene Colabatistto: CAE Completes Buy of Bombardier Military Flight Training Business

Gene Colabatistto
Gene Colabatistto

CAE (NYSE: CAE) has concluded its approximately $15 million purchase of the military aviation training business of Bombardier.

The deal makes CAE the NATO Flying Training in Canada program’s new prime contractor and supports the company’s efforts to grow its live military pilot training services portfolio, CAE said Wednesday.

Gene Colabatistto, CAE’s group president for defense and security, said the company made the acquisition to grow its training systems integration work with military clients.

The company absorbed the former Bombardier unit’s 200 employees in Canada.

CAE first announced the deal in January with the intent to support classroom, virtual and simulator training programs at various Canadian military bases through the NFTC program.

Check Also

Kevin McDonnell to Join AeroVironment as SVP, CFO

Kevin McDonnell, former senior vice president and chief financial officer of JAMS, has been appointed to the same positions at unmanned aircraft system maker AeroVironment (Nasdaq: AVAV). His appointment is effective Feb. 10 and he will succeed Brian Shackley, who has held the CFO role at AeroVironment on an acting basis since October, the company said Thursday.

Army Engineers Select Brayman for $320M Bluestone Dam Rehabilitation Contract

Brayman Construction has landed a potential nine-year, $319.6M contract from the U.S. Army Corps of Engineers to renovate recreational areas and equipment at the Bluestone Dam's stilling basin in West Virginia.