L3Harris Completes Sale of Visual Information Solutions Business

Rhea-AI Summary

L3Harris Technologies (NYSE:LHX) has finalized the sale of its Visual Information Solutions (VIS) business to NV5 Global Inc. (NASDAQ: NVEE). The VIS division specializes in commercial geospatial software and services that transform geospatial and terrestrial imagery into actionable insights. This divestiture aligns with L3Harris’ strategic goal of optimizing its portfolio and focusing on long-term investments that support national security and multi-domain solutions.

Positive

• Divestiture of VIS business aligns with strategic portfolio optimization.
• Focus on long-term innovation investments for national security priorities.

Negative

• None.

MELBOURNE, Fla.--(BUSINESS WIRE)-- L3Harris Technologies (NYSE:LHX) has completed the sale of its Visual Information Solutions (VIS) business to NV5 Global Inc. (NASDAQ: NVEE).

The VIS business is a global provider of commercial geospatial software, technology and services used to extract and analyze reliable, accurate and actionable information from geospatial to terrestrial imagery.

The divestiture is consistent with L3Harris’ broader strategy to continue portfolio optimization and to align long-term innovation investments for national security priorities and whole-of-government, multi-domain solutions.

About L3Harris Technologies

L3Harris Technologies is a Trusted Disruptor for the global aerospace and defense industry. With customers’ mission-critical needs always in mind, our 46,000 employees deliver end-to-end technology solutions connecting the space, air, land, sea and cyber domains.

View source version on businesswire.com: https://www.businesswire.com/news/home/20230410005197/en/

Mark Kratz

Investor Relations

Mark.Kratz@L3Harris.com

321-727-9383



Sara Banda

Corporate Media Relations

Sara Banda@L3Harris.com

321-306-8927

Source: L3Harris Technologies

FAQ

What company did L3Harris sell to?

L3Harris sold its Visual Information Solutions business to NV5 Global Inc.

What is the significance of the VIS business sale by L3Harris?

The sale supports L3Harris' strategy for portfolio optimization and investment in national security.

What is the new focus for L3Harris after the sale of VIS?

L3Harris aims to align long-term innovation investments with national security priorities.