Textron to sell part of flight simulation unit to Canada's CAE for US$40 million

Textron to sell part of flight simulation unit to Canada's CAE for US$40 million

Cessna business jet maker Textron Inc said on Wednesday it has agreed to sell a portion of its flight simulation and training business to Canada's CAE Inc for US$40 million in cash.

FILE PHOTO: A Cessna 525A CitationJet CJ2+ plane of German JK JetKontor lands at Riga International
FILE PHOTO: A Cessna 525A CitationJet CJ2+ plane of German JK JetKontor lands at Riga International Airport, in Riga, Latvia March 15, 2019. REUTERS/Ints Kalnins/File Photo

REUTERS: Cessna business jet maker Textron Inc said on Wednesday it has agreed to sell a portion of its flight simulation and training business to Canada's CAE Inc for US$40 million in cash.

(Reporting by Ankit Ajmera in Bengaluru; Editing by Shailesh Kuber)

Source: Reuters

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