L3Harris Completes Sale of Specialized Materials Business to BWXT for Approximately $100 Million
L3Harris Technologies (NYSE: LHX) has finalized the sale of Aerojet Ordnance Tennessee (A.O.T.) to BWX Technologies (NYSE: BWXT) for approximately $100 million. The transaction is part of L3Harris' multi-year portfolio optimization strategy aimed at enhancing value for customers and shareholders.
A.O.T., which employs fewer than 100 people in Tennessee, is the exclusive supplier of depleted uranium to the U.S. government and manufactures advanced specialized metal components for defense, aerospace, and commercial applications.
L3Harris Technologies (NYSE: LHX) ha concluso la vendita di Aerojet Ordnance Tennessee (A.O.T.) a BWX Technologies (NYSE: BWXT) per circa 100 milioni di dollari. La transazione fa parte della strategia di ottimizzazione del portafoglio pluriennale di L3Harris, mirata a migliorare il valore per clienti e azionisti.
A.O.T., che impiega meno di 100 persone nel Tennessee, è il fornitore esclusivo di uranio impoverito per il governo degli Stati Uniti e produce componenti metallici specializzati avanzati per applicazioni di difesa, aerospaziali e commerciali.
L3Harris Technologies (NYSE: LHX) ha finalized la venta de Aerojet Ordnance Tennessee (A.O.T.) a BWX Technologies (NYSE: BWXT) por aproximadamente 100 millones de dólares. La transacción es parte de la estrategia de optimización del portafolio a varios años de L3Harris, con el objetivo de aumentar el valor para clientes y accionistas.
A.O.T., que emplea a menos de 100 personas en Tennessee, es el proveedor exclusivo de uranio empobrecido para el gobierno de EE. UU. y fabrica componentes metálicos especializados avanzados para aplicaciones de defensa, aeroespaciales y comerciales.
L3Harris Technologies (NYSE: LHX)가 Aerojet Ordnance Tennessee (A.O.T.)를 BWX Technologies (NYSE: BWXT)에게 약 1억 달러에 매각하는 계약을 최종 완료했습니다. 이 거래는 L3Harris의 고객과 주주를 위한 가치를 증대시키기 위한 다년간 포트폴리오 최적화 전략의 일환입니다.
Tennessee에서 100명 미만을 고용하는 A.O.T.는 미국 정부에 대한 고농축 우라늄의 독점 공급업체이며, 방위, 항공 우주 및 상업적 응용 분야를 위한 고급 특수 금속 구성 요소를 제조합니다.
L3Harris Technologies (NYSE: LHX) a finalisé la vente d'Aerojet Ordnance Tennessee (A.O.T.) à BWX Technologies (NYSE: BWXT) pour environ 100 millions de dollars. La transaction fait partie de la stratégie d'optimisation du portefeuille pluriannuelle de L3Harris qui vise à accroître la valeur pour les clients et les actionnaires.
A.O.T., qui emploie moins de 100 personnes dans le Tennessee, est le fournisseur exclusif d'uranium appauvri pour le gouvernement des États-Unis et fabrique des composants métalliques spécialisés avancés pour des applications de défense, aérospatiales et commerciales.
L3Harris Technologies (NYSE: LHX) hat den Verkauf von Aerojet Ordnance Tennessee (A.O.T.) an BWX Technologies (NYSE: BWXT) für etwa 100 Millionen Dollar abgeschlossen. Die Transaktion ist Teil der mehrjährigen Portfolio-Optimierungsstrategie von L3Harris, die darauf abzielt, den Wert für Kunden und Aktionäre zu steigern.
A.O.T., das weniger als 100 Mitarbeiter in Tennessee beschäftigt, ist der exklusive Lieferant von abgereichertem Uran für die US-Regierung und stellt fortschrittliche spezialisierte Metallkomponenten für Verteidigungs-, Luft- und Raumfahrt- sowie kommerzielle Anwendungen her.
- Sale generates $100 million in cash proceeds
- Strategic portfolio optimization aligns with company's long-term goals
- Divestiture of non-core business streamlines operations
- Loss of exclusive U.S. government depleted uranium supply contract
- Reduction in defense and aerospace manufacturing capabilities
Insights
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The deal's valuation metrics appear reasonable given A.O.T.'s unique position as the sole depleted uranium supplier to the U.S. government, though with less than 100 employees, the revenue contribution was likely minimal to L3Harris. For BWXT, this acquisition strengthens their nuclear materials portfolio and government contracting position. The transaction demonstrates L3Harris' continued execution of portfolio rationalization following major acquisitions in recent years.
This transaction has broader implications for the defense industrial base. A.O.T.'s role as the exclusive depleted uranium provider to the U.S. government makes this facility strategically important for national security, particularly in manufacturing certain types of armor-piercing ammunition and tank armor. The transfer to BWXT, which has extensive experience in nuclear materials and government contracting, should ensure continued reliable supply of these critical materials.
The consolidation of specialized nuclear materials capabilities under BWXT's umbrella could improve operational efficiency and potentially lead to enhanced R&D in advanced materials for defense applications. For L3Harris, divesting this unique but peripheral business allows greater focus on their core competencies in communications, electronic systems and integrated mission systems. The relatively small deal size and employee count suggests minimal disruption to L3Harris' overall operations while potentially improving their operational focus.
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
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250106971081/en/
Daniel Gittsovich
Investor Relations
InvestorRelations@L3Harris.com
321-724-3170
Sara Banda
Media Relations
Media@L3Harris.com
321-306-8927
Source: L3Harris Technologies
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