CAE to Sell Flightscape to SITA for Enterprise Value of $500 Million

08:56 AM EDT, 10/26/2026 (MT Newswires) -- CAE (CAE.TO, CAE) signed a definitive agreement to sell Flightscape, its airline operations software business, to SITA, a global aviation technology company, for an enterprise value of $500 million, subject to customary adjustments, it said Monday. The company expects the transaction to close in the first half of 2027, following receipt of regulatory approvals and satisfaction of the remaining closing conditions, it said. CAE plans to use the sale proceeds for its capital allocation priorities, which includes investing in its core simulation and training businesses and returning capital to shareholders, while maintaining financial flexibility, he company sais. "This transaction is fully consistent with our transformation plan and will sharpen CAE's focus to our core Civil and Defense businesses, where we are best positioned to lead," said Chief Executive Officer Matthew Bromberg. "Through this accretive transaction, we are strengthening our ability to deliver greater value for customers, drive profitable growth and create long-term shareholder value." U.S.-listed shares of the company were last seen unchanged at $25.00 in pre-market trading.