M&A Deal Summary |
|
|---|---|
| Date | 2021-03-01 |
| Target | L3 Harris Technologies - Military Training Business |
| Sector | Defense |
| Buyer(s) | CAE |
| Sellers(s) | L3Harris |
| Deal Type | Divestiture |
| Deal Value | 1.1B USD |
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CAE engages in modeling, simulation, and training for civil aviation and defense. CAE offers civil aviation, military, and helicopter training services in more than 45 locations worldwide and trains approximately 100,000 crewmembers yearly. In addition, the CAE Oxford Aviation Academy offers training to aspiring pilot cadets in 11 CAE-operated flight. CAE was founded in 1947 and is based in Saint-Laurent, Quebec.
| DEAL STATS | # |
|---|---|
| Overall | 10 of 12 |
| Sector (Defense) | 3 of 3 |
| Type (Divestiture) | 3 of 4 |
| State (Florida) | 3 of 4 |
| Country (United States) | 5 of 7 |
| Year (2021) | 1 of 3 |
| Size (of disclosed) | 1 of 7 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2020-12-22 |
Merlot Aero
Auckland, New Zealand Merlot Aero Ltd. is a civil aviation crew management and optimization software company. Merlot Aero is based in Auckland, New Zealand. |
Buy | $25M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-08-31 |
SkyWarrior
Pensacola, Florida, United States SkyWarrior provides a range of military and civil flight training programs. The company provides flight training ranging from a private pilot license to multi-engine airline transport pilot (ATP) certification. SkyWarrior also specializes in training military helicopter pilots transitioning to airline pilots as part of regional airline Rotor Transition Programs. It operates a fleet that includes Cessna 172, Piper PA-44, and Cirrus SR22 aircraft. SkyWarrior is based in Pensacola, Florida. |
Buy | - |
L3 Harris is a producer of communications products, systems and services for global markets, including RF communications, integrated network solutions and government communications systems. L3Harris Technologies was founded in 1895 and is based in Melbourne, Florida.
| DEAL STATS | # |
|---|---|
| Overall | 16 of 23 |
| Sector (Defense) | 1 of 1 |
| Type (Divestiture) | 15 of 22 |
| State (Florida) | 4 of 7 |
| Country (United States) | 16 of 23 |
| Year (2021) | 2 of 5 |
| Size (of disclosed) | 1 of 12 |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-03-01 |
L3 Harris Technologies - Combat Propulsion Systems Business and Magnet-Motors
Melbourne, Florida, United States L3 Harris Technologies' Combat Propulsion Systems Business is a supplier of transmissions and engines in the U.S. and international armored vehicle market. Magnet-Motors is involved in the development and design of high-performance electric power supplies and hybrid drive systems for military applications. |
Sell | $400M |
| DATE | TARGET | DEAL TYPE | VALUE |
|---|---|---|---|
| 2021-08-03 |
Stellant
Torrance, California, United States Stellant is a provider of RF amplification products for the space, electronic warfare, radar, medical and industrial end markets. The Company designs and assembles traveling wave tubes (TWTs), nano microwave power modules, and other related subsystems, and is a provider of space-qualified TWTs. Stellant is based in Torrance, California. |
Sell | - |
