Hello to anyone out there who is interested in AEM;
I have good, or at least OK news, on what happened to the AEM Cobham contracts after Cobham was sold….
That is it seems AEM is still working “closely” with the buyer - on some things at least - as per the images below.
https://www.aem-corp.com/support/product-repairs/capabilities#capabilities
But some products are no longer on the capability list?
To recap information already shared here;
Cobham - a portion of which the reason AEM was founded (and which still provided 46% of AEM revenue as of the SMN 2021 annual report) - was sold in July 2019 to US ‘corporate raider’ Advent.
The deal settled in early 2021 and Cobham started to be broken up and sold almost immediately.
It appears that, as theorised earlier in this thread, that small portion of Cobham serviced out of Kelowna by AEM was collected and parcelled with other units under the name Cobham AeroConnectivity.
It was bought by publicly traded US aerospace giant- TransDigm in January 2021 for US$965m.
(sale report: https://www.spglobal.com/marketinte...uisition-of-cobham-aero-connectivity-61977254)
As noted already on this thread TransDigm then hived off the purchase into a new company, Canyon AeroConnect, based in Prescott Arizona in April, 2021 https://www.canyonaeroconnect.com/2...space-connectivity-is-now-canyon-aeroconnect/
Cheers
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