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L3Harris To Sell Electro-Optical Business Unit To American Holoptics

Cal Biesecker By
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L3Harris To Sell Electro-Optical Business Unit To American Holoptics
Lightweight weapon thermal sight manufactured and sold by EOTech. Photo: L3Harris Technologies

L3Harris Technologies [LHX] on Tuesday said it has agreed to sell its EOTech business unit to American Holoptics, part of an ongoing portfolio shaping the company is doing following the acquisition of L3 Technologies by Harris last year. Terms of the deal, which is expected to close in mid-2020, were not disclosed. American Holoptics is an affiliate of the investment company of Koucar Management. The EOTech business unit has about 150 employees and about $60 million in annual sales. The…

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