STOCK TITAN

L3Harris Completes Sale of Specialized Materials Business to BWXT for Approximately $100 Million

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags

MELBOURNE, Fla.--(BUSINESS WIRE)-- L3Harris Technologies (NYSE: LHX) has completed the sale of its specialized materials business, Aerojet Ordnance Tennessee, Inc. (A.O.T.), to BWX Technologies, Inc. (NYSE: BWXT) for approximately $100 million.

The deal aligns with L3Harris’ multi-year strategy to optimize its portfolio and deliver on commitments to customers and shareholders.

A.O.T. is the sole provider of depleted uranium to the U.S. government and produces advanced specialized metal components for defense, aerospace and commercial products. The business is located in Tennessee and currently employs less than 100 people.

About L3Harris Technologies

L3Harris Technologies is the Trusted Disruptor in the defense industry. With customers’ mission-critical needs always in mind, our employees deliver end-to-end technology solutions connecting the space, air, land, sea and cyber domains in the interest of national security. Visit L3Harris.com for more information.

Daniel Gittsovich

Investor Relations

InvestorRelations@L3Harris.com

321-724-3170

Sara Banda

Media Relations

Media@L3Harris.com

321-306-8927

Source: L3Harris Technologies

L3Harris Technologies Inc

NYSE:LHX

LHX Rankings

LHX Latest News

LHX Stock Data

40.96B
187.02M
0.34%
88.64%
1.66%
Aerospace & Defense
Search, Detection, Navagation, Guidance, Aeronautical Sys
Link
United States
MELBOURNE