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TJC Closes Acquisition of L3Harris' Commercial Aviation Solutions Business

1. TJC announces acquisition of L3Harris' CAS for $800 million. 2. CAS focuses on aviation avionics and training solutions.

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FAQ

Why Bullish?

The acquisition of CAS enhances LHX's strategic position in aviation, expected to increase long-term revenue potential, similar to previous successful divestitures at LHX that led to improved stock performance.

How important is it?

The significant acquisition indicates strategic shifts and potential profitability improvements, underlining LHX's capacity for growth in a critical sector.

Why Long Term?

The long-term growth prospects of the avionics and training sectors indicate sustained benefits for LHX beyond the immediate deal closure.

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LHXRTXBAGD
NEW YORK--(BUSINESS WIRE)--TJC, L.P. (“TJC”), announced today that an affiliate of The Resolute Fund VI, L.P. (“Resolute VI”) has closed the acquisition of L3Harris Technologies (NYSE:LHX) Commercial Aviation Solutions business (“CAS,” or the “Company”) for $800 million. CAS has two operating business units; the Avionics unit designs and manufactures mission critical, IP-driven avionics products, and the Commercial Training Solutions (“CTS”) unit provides an integrated suite of aircraft trainin.

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