CAE Inc. sells Flightscape product to SITA for US$500 million
1 report, 1 independent
Updated Wed 00:00
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What happened
CAE Inc. announced the sale of its Flightscape product to SITA. The company stated that the sale is part of its ongoing transformation priorities. CAE Inc. expects the divestiture of Flightscape to generate US$500 million.
From prnewswire.com
Why it matters
The sale supports CAE Inc.'s transformation efforts following a Q2 2027 period where revenue was $1,204.7 million, a 2.6% decline year-over-year. The proceeds from the sale are expected to help offset segment revenue loss.
From prnewswire.com