Thales' Civil Aircraft Simulation and Training Business sold to L-3

NEW YORK, N.Y., 12 April 2012. L-3 Communications (NYSE: LLL) announced that it has entered into an agreement to acquire the assets of Thales Training & Simulation Ltd's civil aircraft simulation and training business. The purchase price is approximately $132 million and will be funded with cash on hand.

Headquartered in Crawley, United Kingdom, the business employs approximately 400 people. It is a manufacturer of commercial flight simulation equipment, with an installed base of more than 540 simulators. The business also operates a training center in Asia. Its civil aircraft simulators are compliant with U.S. Federal Aviation Administration, European Aviation Safety Agency and International Civil Aviation Organization regulations.

The acquisition is anticipated to be completed in the summer of 2012, subject to customary closing conditions and regulatory approvals, and will be structured as an asset purchase for income tax purposes. The acquisition is expected to be immediately accretive to L-3's results of operations.

L-3 officials hope to strengthen their existing military training and simulation by adding full flight simulation capabilities and entering the civil market.

Pending the completion of this transaction, Thales Training & Simulation will be integrated into the L-3 Link Simulation & Training organization, which is part of L-3's Electronic Systems Group.

 




Military & Aerospace Photos

Most Popular Articles
Wire News provided by   

social activity

Webcasts

Meeting the Gen3 backplane challenge with OpenVPX and COTS

Tight Pentagon budgets mean military systems must stay in the field for longer than ever before. This doesn't mean obsolete technology, however. Today's military electronics are being upgraded constantly, an...
Sponsored by:

Design Strategy Considerations for DO-178C Certified Multi-core Systems

Join Wind River to learn how system architecture and design choices can minimize your DO-178C certification challenges.

Sponsored by:

Flying, Sailing or Driving - The Rugged, Embedded Intel-based Server that goes where you need it!Flying Sailing or Driving

Leveraging the power of server-class processors is no longer relegated to the confines of data centers. Through several innovations, Mercury Systems has ruggedized Intel’s server-class chips for deployment. ...
Sponsored by:

All Access Sponsors


Mil & Aero Magazine

February 2015
Volume 26, Issue 2
file

Download Our Apps



iPhone

iPad

Android

Follow Us On...



Newsletters

Military & Aerospace Electronics

Weekly newsletter covering technical content, breaking news and product information
SUBSCRIBE

Cyber Security

Monthly newsletter covering cyber warfare, cyber security, information warfare, and information security technologies, products, contracts, and procurement opportunities
SUBSCRIBE

Defense Executive

Monthly newsletter covering business news and strategic insights for executive managers
SUBSCRIBE

Electronic Warfare

Quarterly newsletter covering technologies and applications in electronic warfare, cyber warfare, optical warfare, and spectrum warfare.
SUBSCRIBE

Embedded Computing Report

Monthly newsletter covering news on embedded computing in aerospace, defense and industrial-rugged applications
SUBSCRIBE

Unmanned Vehicles

Monthly newsletter covering news updates for designers of unmanned vehicles
SUBSCRIBE