Sign In
Search
Business/Financial

L3Harris To Sell Electro-Optical Business Unit To American Holoptics

Cal Biesecker By
SHARE:
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…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Army

Scarlet Dragon 26.3: Interview With Col. Paul Staeheli, G3, XVIII Airborne Corps, and Col. Tom Monaghan, Director, Joint Innovation Outpost

Business/Financial

Stoke Space Raises $1 Billion As Startup Approaches First Launch

Business/Financial

DoD Makes $450 Million Equity Investment In Domestic Tungsten Supplier The Elmet Group

Air Force

Meink: U.S. Has Orbital Space Weapons, SB-AMTI To Launch This Month, 500 CCAs by 2032

Trending

USAF, Northrop Detail Sentinel ICBM ‘Vertical Stacking’ Demo, On Track For Flight Tests In 2027
Meink: U.S. Has Orbital Space Weapons, SB-AMTI To Launch This Month, 500 CCAs by 2032
Skunk Works Plans First Flight of Vectis Prototype By End of Next Year
Pentagon Wants AI System to Understand and Predict Space Threats
AEVEX Completes $600 Million Acquisition Of USV Manufacturer BlackSea

Congress Updates

Congress

CBO Estimates Loss of One-Half to Two-Thirds of U.S. Missile Interceptors Since June Last Year

A new Congressional Budget Office report estimates the cost of the Iran war through Aug. 1 as $38 billion and says that the U.S. has likely depleted between one-half and […]

Missile Defense

Fischer Says Golden Dome Boosters Need To Increase Capitol Hill Support With Information, Warns Against Counting On Reconciliation

NATIONAL HARBOR, Md. – A Senate Armed Services panel chair today said boosters of the Golden Dome program still have work to do to increase support on Capitol Hill while […]

Navy/USMC

HII Executive Outlines Its Shipbuilding Acceleration Strategy

An HII [HII] shipbuilding executive last week told lawmakers how the company plans to improve and accelerate shipbuilding throughout via workforce improvements, adding new shipbuilding infrastructure and reinforcing distributed shipbuilding […]

Congress

House Sends Dec. 11 CR With Ship Construction Funds To Trump’s Desk For Final Signature

The House on Tuesday passed a stopgap funding bill to keep the government open through Dec. 11, sending the temporary funding measure that also includes funds to support ongoing shipbuilding […]

The Force Multipliers

Force Multipliers

Michael Harrison – SANS Institute

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Job Feed

Post a Job // Post a Resume