CAE USA will continue training Bombardier Global 6500 pilots under a $257.9 million Army contract CAE will provide the training in Tampa, Florida, under a contract running through March 2032 The award builds on CAE’s development of Global 6000/6500 simulator capabilities for the Army The U.S. Army has awarded CAE USA a $257.9 million firm-fix...
Enlightenment Capital-backed Cryptic Vector has acquired Caesar Creek Software for an undisclosed sum as part of a push to expand its portfolio of offensive cybersecurity offerings. Expanding Offensive Cyber Portfolio Established in 1998, Dayton, Ohio-based Caesar Creek provides offensive cyber research and development support in the areas of vulner...
CAE Defense & Security has secured a recompete contract valued at $180 million to continue providing comprehensive flight training support for the U.S. Army’s advanced airframes. The company said Monday it was awarded the competitive recompete contract under the Advanced Helicopter Flight Training Support, or AHFTS, program. The renew...
Honeywell (Nasdaq: HON) has finalized its acquisition of CAES from private equity firm Advent International and appointed industry executive Brad Westphal as president of the multinational conglomerate’s electromagnetic defensive solutions division. Expanding Defense Technology Capabilities Honeywell said Wednesday it expects the acquisition t...
Sonya Branco is set to step down as executive vice president for finance and chief financial officer at CAE (NYSE: CAE), positions she has held since 2016. Constantino Malatesta, chief accounting officer and vice president of the Controller Office since 2022, will take over Branco’s role in the interim while a permanent successor is sought,...
CAES has secured a $172 million multi-year deal from RTX (NYSE: RTX) to assist the latter with the next three lots of follow-on production for missile data-link assembly. The award supports a major international missile program, CAES said Monday. Based in Arlington, Virginia, CAES is a subsystem provider offering advanced electronic capabilities ...
Honeywell (Nasdaq: HON) has agreed to buy CAES from private equity firm Advent International in an all-cash deal valued at approximately $1.9 billion to expand its portfolio of defense technology platforms across ground, maritime, air and space domains. Charlotte, North Carolina-based Honeywell said Thursday it expects the acquisition to wrap up in ...
Canada-based flight training systems provider CAE (NYSE: CAE) has named Nick Leontidis, a 36-year company veteran, as chief operating officer as part of senior leadership changes meant to enhance execution and synergies between the company’s defense and security and civil aviation business segments. The company said Tuesday Leontidis will over...
Srini Dixit was named chief financial officer of CAE‘s defense and security business, joining the Arlington, Texas-located aviation services company from RTX‘s (NYSE: RTX) Raytheon subsidiary where he previously worked as vice president and CFO of its air power strategic business unit. He announced his appointment to the CAE Defense &...
CAE (NYSE: CAE) has sold its health care business unit to Madison Industries for approximately $230.2 million as part of efforts to advance its focus on the training, simulation and aviation software markets. The Canadian aerospace and defense company said Friday the transaction initially announced in October 2023 is subject to customary adjustments...
