MS - Defense Contractor L3Harris Divests Commercial Aviation Business For $800M - What's The Focus? | Benzinga
Defense contractor L3Harris Technologies Inc (NYSE: LHX) has signed a definitive agreement under which an affiliate of TJC L.P. will acquire its Commercial Aviation Solutions (CAS) business for $800 million.
The deal includes a $700 million cash purchase price and $100 million earnout based on the achievement of certain 2023 and 2024 financial performance targets.
The amount represents ...