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L3Harris Closes $800 Million Sale Of Commercial Aviation Solutions Business

Cal Biesecker By
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L3Harris Closes $800 Million Sale Of Commercial Aviation Solutions Business
Photos: L3Harris Technologies

L3Harris Technologies [LHX] on Monday said it has completed the sale of its Commercial Aviation Solutions (CAS) business to the investment firm TJC L.P. for $800 million, shedding a non-core unit. L3Harris said the entire purchase price was paid at closing. When the deal was first announced in November 2023, L3Harris said the terms included $700 million in cash and a potential $100 million earnout provision base on achieving certain performance targets in 2023 and 2024, which apparently were met…

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