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TRU Simulation + Training Inc. Acquires ProFlight, LLC
Established FAA Part 142 Training Center
|By Marketwired .
|July 2, 2014 05:35 PM EDT
GOOSE CREEK, SC--(Marketwired - July 02, 2014) - TRU Simulation + Training Inc., a Textron Inc. (NYSE: TXT) company, has acquired ProFlight, LLC, a leader in innovative and advanced pilot training.
Based in Carlsbad, Calif., ProFlight is an FAA-approved Part 142 training center specializing in Cessna Citation CJ Series training, Cessna Conquest Series training, and offers an innovative continuous currency program that provides pilots greater training flexibility and year-round proficiency. Founded in 1988 by professional pilot instructors who saw a need for high-quality flight training at a lower cost, ProFlight has trained thousands of pilots and continues to grow as its innovative training model appeals to a broad range of pilots -- from owner operators to corporate aviation departments. ProFlight will continue to operate from its Carlsbad facility.
"ProFlight is a valued customer of TRU Simulation + Training and many of its customers are Cessna pilots," said James Takats, TRU Simulation + Training Inc. president and CEO. "This acquisition allows us to better leverage our manufacturing, product and service expertise to bring the best and most comprehensive pilot training to current and future Textron Aviation customers."
TRU Simulation + Training Inc. provides high-fidelity aviation simulation and training solutions to the civil and military markets. TRU Simulation + Training Inc. was formed out of three legacy companies -- Mechtronix Inc., located in Montreal, Quebec, and OPINICUS Corporation, located in Tampa, Fla., which were acquired by Textron in 2013, and a portion of AAI Logistics & Technical Services, an operating unit of Textron Systems.
"Integrating ProFlight's capabilities into our organization better positions TRU Simulation + Training to meet the increased demand for pilot and aircraft maintenance training over the coming years -- delivering more value for Textron shareholders," added Takats.
About TRU Simulation + Training Inc
TRU Simulation + Training Inc., a Textron Inc. (NYSE: TXT) company, delivers innovative solutions to the civil and military markets while providing superior technical support and customer service. Headquartered in Goose Creek, S.C., the company is known for its Air Transport Simulation, Business & Military Simulation, Mission & Maintenance Training, and Training Centers & Services. More information is available at www.TRUSimulation.com.
About ProFlight, LLC
ProFlight was founded in 1988 by professional pilot instructors who saw a need beyond traditional training. By harnessing emerging technology, 1:1 instruction and vibrant animation for real world, model specific training, ProFlight continues to educate and mold pilots in dynamic methods that go far beyond the static, standard learning models. ProFlight is based in Carlsbad, California, just minutes from Palomar Airport. For more information, visit www.proflight.aero.
About Textron Inc
Textron Inc. is a multi-industry company that leverages its global network of aircraft, defense, industrial and finance businesses to provide customers with innovative solutions and services. Textron is known around the world for its powerful brands such as Bell Helicopter, Cessna, Beechcraft, Hawker, Jacobsen, Kautex, Lycoming, E-Z-GO, Greenlee, and Textron Systems. For more information visit: www.textron.com.
Certain statements in this press release may project revenues or describe strategies, goals, outlook or other non-historical matters; these forward-looking statements speak only as of the date on which they are made, and we undertake no obligation to update them. These statements are subject to known and unknown risks, uncertainties, and other factors that may cause our actual results to differ materially from those expressed or implied by such forward-looking statements, including but not limited to difficulty or unanticipated expenses in connection with integrating acquired businesses; the risk that anticipated synergies and opportunities as a result of acquisitions will not be realized or the risk that acquisitions do not perform as planned, including, for example, the risk that acquired businesses will not achieve revenue projections.
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