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L3Harris Completes Sale of Commercial Aviation Solutions Business to TJC for $800 Million

1. L3Harris sold its Commercial Aviation Solutions for $800 million in cash. 2. The sale strengthens L3Harris' focus on core business areas.

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FAQ

Why Bullish?

The cash influx enhances L3Harris's financial stability, similar to past successful divestitures that bolstered stock performance.

How important is it?

The $800 million sale directly impacts L3Harris's financial position, influencing investor confidence and stock performance.

Why Short Term?

Immediate cash flow from the sale can improve liquidity, impacting stock price in the near term.

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RTNBANOC
MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE: LHX) has completed the previously announced sale of its Commercial Aviation Solutions (CAS) business to an affiliate of TJC L.P. for $800 million. The entire $800 million cash purchase price was paid to L3Harris at the closing of the transaction. CAS specializes in commercial flight training, flight data analytics, commercial avionics and other capabilities. The business was formerly part of L3Harris' Integrated Missions Systems seg.

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