Textron subsidiary TRU Simulation + Training Canada has reached an agreement to sell its non-U.S. businesses to Canada-based training solutions company CAE. According to Textron, the $40 million deal includes TRU’s manufacturing operations in Montreal, Canada, ETOPS entities in France and Malaysia and a minority interest in a joint venture in Iceland. TRU Simulation + Training will be keeping its operations in Tampa, Florida.
This is a companion discussion topic for the original entry at https://www.avweb.com/aviation-news/cae-to-acquire-tru-simulation-training-canada