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Harris Selling Aerostructures Business For $210 Million

Cal Biesecker By
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Harris Selling Aerostructures Business For $210 Million
Harris Corp. Chairman, President and CEO William Brown. Photo: Harris

Harris Corp. [HRS] on Monday said it is will sell its aerostructures business to Albany International [AIN] for $210 million in cash, part of its plan to focus on core business areas.The $77 million aerostructures business was acquired in 2015 as part of Harris’ purchase of Exelis. Proceeds from the sale will be used to pay down debt. “The sale of Aerostructures reflects our strategy to optimize our business portfolio,” William Brown, chairman, president and CEO of Harris, said in a…

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