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 c...
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...
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...
