CAE Inc. (TSX:CAE) entered into conditional agreement to acquire Lockheed Martin Commercial Flight Training from Lockheed Martin Corporation (NYSE:LMT) for CAD 25.6 million on February 22, 2016. The closing of the transaction is subject to usual conditions, such as employee related consultation procedures and regulatory approvals. Hélène Bogaard, Richard Fens, Gerard Kneppers, Jasper de Bok, Rutger Dekker, Sanne Hitipeuw, Jochem Beurskens and Michiel Coenraads of DLA Piper LLP (US) acted as legal advisors for Lockheed Martin Corporation.

CAE Inc. (TSX:CAE) completed the acquisition of Lockheed Martin Commercial Flight Training from Lockheed Martin Corporation (NYSE:LMT) on May 2, 2016.