L-3 Communications (NYSE: LLL) has acquired CTC Aviation Group for £143 million (U.S. $220 million).
CTC, headquartered in Southampton, U.K. is a pilot training and crew-resourcing program that provides services to major airlines and other customers. The company’s name has been changed to L-3 CTC Ltd.
The deal expands New York-based L-3’s commercial aviation training business, which provides flight training simulation and aftermarket services. The company is a contractor for aerospace systems and national security services, as well as communication, electronic systems and other products used by the military.
“This acquisition enables L-3 to build on strategic partnerships with key growth airlines in an environment where a global shortage of pilot training resources and increased pilot demand are driving the growing need for tailored pilot training solution,” says Alan Crawford, a managing director at L-3.
Recently in the aviation sector we have seen deals from Veritas Capital, which agreed to buy aircraft maintenance business StandardAero earlier in May, and TransDigm Group (NYSE: TDG), which picked up Pexco LLC’s aerospace business, also in May.