CockpitBuilders.com - Main => News and Announcements => Topic started by: Trevor Hale on February 22, 2016, 06:00:57 AM
What does this mean for Prepar3d?
MONTREAL - CAE is planning to buy the commercial flight training unit of U.S. defence contractor Lockheed Martin.
The Montreal-based company (TSX:CAE) didn't say what it expects to pay for Lockheed Martin Commercial Flight Training under a conditional agreement announced Monday.
It says the transaction requires employee-related consultation and regulatory approvals.
CAE provides a variety of training equipment and services around the world to both civil and military customers.
Among its products are full-flight simulators used to train commercial pilots.
It also has training centres in 35 countries that are either directly owned by CAE or in partnership with other firms.
CAE says the Lockheed Martin deal will include full-flight simulators, simulator parts and equipment, facilities and a workforce.
READ THE STORY HERE (http://www.montrealgazette.com/business/montrealbased+lockheed+martins+commercial+flight+training+unit/11735795/story.html)
If I get it well, P3D will be in the mean future, a commercial simulator (not for home use anymore)
Looks like P3D doesn't fall under that division so it is still good.
Awesome post. Thanks for that.