Posted on: 04 October 2016 by Mark Howells
L-3 Communications has reported that it completed the acquisition of Aerosim – including Aerosim Technologies located in Burnsville, Minnesota, and Aerosim Flight Academy located in Sanford, Florida – on 30 September 2016.
Following the acquisition, for which the terms were not disclosed, Aerosim will be integrated into the L-3 Commercial Training Solutions (L-3 CTS) division of the company’s Electronic Systems business segment and will be renamed L-3 Aerosim-CTC. L-3 projects that Aerosim will generate approximately $50 million in sales for the year ending 31 December 2017 and to be accretive to L-3’s earnings.
L-3 Communications believes that Aerosim’s commercial training capabilities are complementary to those offered by L-3 CTS. Aerosim Technologies provides pilot and maintenance technician training products, designed to enhance efficiency with lower-cost solutions. Aerosim Academy, a flight school for prospective airline pilots, trains both US and international cadets.
“The addition of Aerosim is a good fit with L-3’s expanding business of providing customised solutions that address the global shortage of pilot training resources and the increasing demand for qualified pilots,” remarked Michael Strianese, L-3’s chairman and chief executive officer. “Aerosim adds value to our portfolio and further exemplifies our disciplined growth strategy in key markets.”
Dave Rapley, CEO of Aerosim, added, “By joining L-3 CTS, we will reshape the future of commercial pilot and maintenance training through a shared vision and complementary capability. This collaboration presents a significant opportunity to align our advanced technologies and training excellence to offer our customers a truly integrated and end-to-end solution in the commercial aviation arena.”
L-3 CTS includes L-3 Link UK, L-3 CTC Aviation and now L-3 Aerosim-CTC. In its expanded configuration, the company will provide training solutions for pilots and maintenance personnel across a wide range of commercial platforms.