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EMCORE To Acquire L3Harris Space And Navigation Business

Cal Biesecker By
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EMCORE To Acquire L3Harris Space And Navigation Business
EMCORE fiber optic gyroscope. Photo: EMCORE

EMCORE Corp. [EMKR] on Tuesday said it has agreed to acquire the Space and Navigation business of L3Harris Technologies [LHX] for $5 million in cash in a deal that expands its fiber optic gyroscope (FOG) product suite into the markets for strategic grade and space-qualified systems. The acquisition is expected to close by the end of June. For L3Harris, the sale is part of its exit of non-core businesses, which is nearly complete. “We will also gain a technical team…

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