Singer Co. has sold its Link flight...

Singer Co. has sold its Link flight simulation and training systems division to CAE Industries of Canada for $550 million (U.S.). Singer has previously said that all of its divisions are up for sale following the takeover by stock speculator Paul A. Bilzerian in January. CAE, a manufacturer of commercial flight simulators and other industrial products, said it had reached a definitive agreement with Singer on the purchase. Singer’s Link division, based in Binghamton, N.Y., employs 7,500 and posted revenue of $550 million in 1987.