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L3Harris To Sell Commercial Aviation Business To Private Equity Firm For $800 Million

Cal Biesecker By
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L3Harris To Sell Commercial Aviation Business To Private Equity Firm For $800 Million
L3Harris flight simulator. Photo: L3Harris Technologies

L3Harris Technologies [LHX] on Monday said it has agreed to sell its Commercial Aviation Solutions (CAS) to the private equity firm TJC L.P. for $800 million, which includes $700 million in cash and a potential $100 million earnout provision based on achieving certain performance targets in 2023 and 2024. The pending sale, which is subject to regulatory approvals and is expected to close in the first half of 2024, is in line with L3Harris’ strategy to focus on its national…

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