Cobham plc ('Cobham') tells ANN that has reached an agreement to
purchase S-TEC Corporation from Meggitt plc for a cash
consideration of US$38m on a debt and cash free basis payable on
completion. The purchase is anticipated to complete before the year
end, subject to regulatory approval. S-TEC designs, certifies and
manufactures autopilots for general aviation aircraft, ranging from
small single-engined to light commuter aircraft.
DAE University has elected to team with Aeronautical Systems
Engineering (ASE, Inc.) for the provision of innovative,
state-of-the-art pilot training equipment for the DAE Flight
Academy pilot training and education programs. ASE will deliver
training devices for integration into DAEFA’s ab initio
single engine Cirrus aircraft training program followed by pilot
training equipment to meet their multi-engine and future training
needs.
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