L3Harris Technologies, listed as LHX on the New York Stock Exchange, has entered into a final agreement for the sale of its antenna operations and associated divisions to a subsidiary of Kanders & Company, Inc. The deal, valued at $200 million, is anticipated to be finalized within this quarter, pending standard closing conditions and…
Defense company L3Harris Technologies has agreed to sell its commercial aviation solutions business to private equity firm TJC L.P. for $800 million, the company announced on Monday. The deal includes a cash payment of $700 million and an additional $100 million based on the financial performance of the business in 2023 and 2024. The…
MELBOURNE, AUSTRALIA: L3Harris Technologies has announced that Alan Clements, a retired Air Vice Marshal, will lead L3Harris Australia as the new Corporate Vice President. In addition to serving as Country Executive for the region, he will oversee L3Harris’ Australian Advisory Board, composed of non-executive directors and local company business leadership. Clements joins L3Harris after…
LONDON: Seeing Machines Limited, the advanced computer vision technology company that designs AI-powered operator monitoring systems to improve transport safety, has signed a non-binding Memorandum of Understanding (MOU) with global aerospace and defence technology company, L3Harris Technologies. The MOU frames the intent to enter into a global non-exclusive license agreement to collaborate to enhance…
MELBOURNE: L3Harris Technologies has completed the previously announced sale of its EOTech business to American Holoptics, an affiliate of Koucar Management. With annual revenue of approximately $60 million, L3Harris’ EOTech business manufactures holographic sighting systems, magnified field optics and accessories for military, law enforcement and commercial markets around the world, a news release said.…