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...
CAE (NYSE: CAE) has agreed to sell its health care business unit to Chicago-based Madison Industries for approximately $226.3 million as the Canadian aerospace and defense company seeks to focus on its core training and simulation markets. Both companies expect to close the transaction before the end of fiscal year 2024, subject to closing condition...
Joe Oliva, an 11-year Northrop Grumman (NYSE: NOC) veteran, has joined CAES as vice president of programs within the defense systems division, according to a LinkedIn post published Wednesday. He brings to the role two decades of business development and program management experience in the defense and aerospace industry. Oliva joined Northrop in No...
Andy Windon, a more than two-decade defense industry veteran, has joined aerospace technology manufacturer CAE as vice president of engineering and technology within its defense and security business, according to a LinkedIn post. Windon spent over a decade at Raytheon, now an RTX (NYSE: RTX) business, where he most recently served as principal engi...
CAE USA has won a 20-month other transaction agreement from the U.S. Army to complete the development of a virtual training system designed to help soldiers hone their weapon skills, perform joint fires and use force in missions. The phase two award for Soldier Virtual Trainer prototyping work comes after the service branch engaged with...
Washington D.C.-based private equity firm Willow Creek Partners has created a company that government contracting industry veteran Caesar Nieves will lead to bring consulting, analytics, cyber and digital services to the federal sector. The One 23 Group will serve as the core of WCP’s government services portfolio and operate with over 200 emp...
CAES has expanded its portfolio of capabilities and presence in the radio frequency technology market with the acquisition of Herley. Herley designs and produces microwave electronic products for electronic warfare assemblies, missile flight instrumentation platforms and other tactical RF systems for defense and aerospace industry customers and has ...
CAES Systems Holdings, a mission-critical radio frequency technology provider, has agreed to buy Herley Industries and Herley-CTI from Ultra Electronics Defense for an undisclosed sum. Herley Industries and Herley-CTI produce microwave technology and related products for radars, weapon sensors, flight instrumentation and electronic warfare systems i...
A CAE business unit has won a potential $250 million contract to continue helping U.S. Army and Air Force pilots train to operate fixed-wing aircraft. The Army’s firm-fixed-price award to CAE Defense & Security builds on a training program that began in 2016 and will cover more than 600 aviators every year until 2032, the...
Aerospace and defense companies CAE and Leonardo were tapped by the Canadian government to enhance its fleet of CH-149 Cormorant search and rescue helicopters and provide flight simulators under two contracts worth up to $911 million combined. The Cormorant Mid-Life Upgrade program will require Leonardo to modernize the aircraft into its most advanc...
