05.04.2024 14:30:19 - dpa-AFX: L3Harris To Sell Antenna Assets For $200 Mln To Affiliate Of Kanders & Co.
WASHINGTON (dpa-AFX) - L3Harris Technologies, Inc. (LHX) announced on Friday
that it has signed a definitive agreement to sell its antenna and related
businesses for $200 million to an affiliate of Kanders & Co., Inc.
The businesses being divested by L3Harris consist of a range of airborne and
ground-based antennas and test equipment, and are part of the Space & Airborne
Systems segment, employing around 375 individuals.
The transaction is anticipated to be finalized this quarter.
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