US company L-3 Communications is buying the civil aircraft simulation and training business of UK-based Thales Training & Simulation (TTS). The deal will see L-3’s military simulation unit, Link, expand into the airline market.
L-3 announced the deal Wednesday, saying it will buy TTS’ civil aircraft simulation and training business assets for £83 million ($132 million) cash and integrate it into its Arlington, Texas-based Link unit.
L-3 said it expects to close ...
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