L-3 acquires Aerosim

L-3 Communications reported the acquisition of Aerosim, including Aerosim Technologies, located in Burnsville, Minnesota, and Aerosim Flight Academy, located in Sanford, Florida. The acquisition was completed on September 30, 2016 and terms were not disclosed. Following the acquisition, 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. Aerosim is projected to generate approximately US$50m in sales for the year ending December 31, 2017 and to be accretive to L-3’s earnings. Aerosim is a globally recognized leader in commercial training with capabilities that are complementary to those offered by L-3 CTS. Aerosim Technologies provides innovative portable and flexible pilot and maintenance technician training products, enhancing efficiency with lower-cost solutions. Aerosim Academy, a flight school for prospective airline pilots, trains both U.S. and international cadets.