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
Hence then, the article about l3harris to sell commercial aviation business for 800 million breaking defense was published today ( ) and is available onTOP world News today ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( L3Harris to sell commercial aviation business for $800 million – Breaking Defense )