L3Harris to sell commercial aviation business for $800 million

The L3Harris logo is seen on the floor of the 2022 Air Force Association conference in National Harbor, Maryland. (Justin Katz/Breaking Defense) WASHINGTON — L3Harris announced today that it will sell off its Commercial Aviation Solutions (CAS) business to private equity firm TJC for an estimated $800 million, a transaction the company expects will close “in the first half of 2024” if regulators approve. The sale encompasses a cash purchase price of about $700 million, with the remaining $100 million tied to “earnout based on the achievement of certain 2023 and 2024 financial performance targets,” according to an L3Harris release. L3Harris’s CAS business employs about 1,450 people and p

Read More Details
Finally We wish PressBee provided you with enough information of ( L3Harris to sell commercial aviation business for $800 million – Breaking Defense )

Also on site :

Documentary Feature To Spotlight “Often-Overlooked Subculture Of Learning Disabled, Autistic & Neurodivergent Creatives” In UK Film & TV Industry
Rain shortage negatively affects strategic crops in Daraa
These Are My Favorite Air Fryer Recipes

L3Harris to sell commercial aviation business for $800 million – Breaking Defense ...Middle East

Here’s what happens if you don’t file your taxes

King Charles Could End Up in the Middle of Prince Harry's Court Battle

Extra Extra: You, too, could be a paisan

How to prepare for an earthquake, before, during, after

Nanoleaf’s Combo Pegboard and Lamp Is Only Attractive to Moths and Gamers

Senator Alvarado-Gil Picks Groveland Leader As Woman Of The Year

Gene Hackman and wife Betsy Arakawa laid to rest after private funeral

Choppy markets show investors gulping down developments on tariffs and the sluggish US dollar

UCLA’s Key Lawrence making the most of his time as a Bruin

Morgan Wallen and Post Malone Announce New Collaboration, ‘I Ain’t Comin’ Back’

Why Rob Liefeld Flew to Arizona to Pick Up His Newest Comic from the Printers

Former Senator DOUBLES DOWN on Dems Traveling to El-Salvador to 'Rescue' MS-13 Gang Member

Glen Powell On His New Line of Organic Sauces That Will “Change Every Kitchen Staple, Starting with Walmart”

‘The Carters’ Director on Her Bond With Angel and Addiction Stigma: “She Knew That Aaron, in His Healthiest State, Would Want to Help Others”

DreamWorks Animation Dates ‘Forgotten Island’ For Fall 2026 Release