Tuesday, August 7, 2012
Thales Sells Civil Fixed-Wing Flight Simulation Business to L-3
Thales on Tuesday said it has completed the sale of its civil fixed-wing flight simulation business to L-3 Communications for approximately $130 million.
“The business, which is now known as L-3 Link Simulation & Training U.K. Limited, will become a part of L-3’s existing Link Simulation & Training division, which is part of L-3’s Electronic Systems Group,” L-3 said in a statement.
The U.K.-based Thales said it will continue to develop its simulation and training business for military and government markets, as well as rotary-wing aircraft for civil and military markets. L-3 intends to continue to operate the fixed-wing flight simulation business from the Thales facility in England.
The two companies have also agreed on a partnership to secure the supply chain of civil components that Thales may require in the future for its military business activities.
“Thales will continue to develop its military simulation system capabilities, which will remain part of our key product portfolio. We feel that L-3 Communications Link Simulation and Training UK Ltd will be well positioned to maximise the potential of the civil simulation business,” said Marion Broughton, head of Thales U.K.’s aerospace business.