Gene Colabatistto
TYSONS CORNER, VA, October 5, 2015 — CAE has secured the regulatory approval and other requirements needed to finalize its $15 million acquisition of Bombardier‘s military aviation training business, GovCon Wire reported Friday.
CAE said Thursday the transaction’s close makes CAE the prime contractor of the flight training program for NATO pilots based in Saskatchewan and Alberta.
“The closure of this [NATO Flying Training in Canada] program acquisition follows the recent competitive win in the USA to deliver the Army Fixed Wing pilot training program, another full training system including live aircraft,” said Gene Colabatistto, president of the defense and security group at CAE.
“Together, these programs are accelerating the advancement of CAE’s training systems integration capability and overall strategy.”
About Executive Mosaic: Founded in 2002, Executive Mosaic is a leadership organization and media company. It provides its members an opportunity to learn from peer business executives and government thought leaders while providing an interactive forum to develop key business and partnering relationships. Executive Mosaic offers highly coveted executive events, breaking business news on the Government Contracting industry, and delivers robust and reliable content through seven influential websites and four consequential E-newswires. Executive Mosaic is headquartered in Tysons Corner, VA. www.executivemosaic.com
Contact:
David Smith
(703) 226-7002
[email protected]