March 2, 2021 | Local, Aerospace
CAE to buy L3Harris military training business for US$1.05 billion
CAE Inc. announced a deal Monday with U.S. company L3Harris Technologies to buy the company's military training business for US$1.05 billion.
November 6, 2023 | Local, Naval
Canadian military begins investigation into allegation officer threatened to execute sailors on supply ship
Officer on Royal Canadian Navy supply ship allegedly threatened to execute fellow sailors because he was unhappy with their performance.
On the same subject
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November 27, 2019 | Local, Aerospace
Top Aces secures $100 million in financing for international expansion
Top Aces Inc., a world leader in airborne training, announced that it will receive a new investment in share capital from Clairvest Group Inc., its lead shareholder, the Caisse de dépôt et placement du Québec (CDPQ) and its other existing investors. This financing will support Dorval, Que.-based Top Aces' international expansion, allowing it to acquire new aircraft to enhance and diversify its service. “This investment provides major support for the growth of our airborne training services, particularly in rapidly-expanding international markets,” said Paul Bouchard, president and chief executive officer of Top Aces. “By joining our existing investment partners, CDPQ further solidifies a strong and long-term shareholding base that will enable Top Aces to take on new challenges in new countries.” “Top Aces is a Quebec company recognized for the quality of its services and its unparalleled safety record within the air training sector,” said Charles Émond, executive vice-president, Québec, Private Equity and Strategic Planning, at CDPQ. “With this investment, Top Aces will pursue international growth and consolidate its leadership position within its industry.” https://www.skiesmag.com/press-releases/top-aces-secures-100-million-in-financing-for-international-expansion
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September 14, 2021 | Local, C4ISR
German company to replace HF receivers used by Canadian armed forces.