TJC Closes Acquisition of L3Harris’ Commercial Aviation Solutions Business
TJC has completed the acquisition of L3Harris Technologies (NYSE:LHX) Commercial Aviation Solutions (CAS) business for $800 million. The acquisition encompasses two main operating units:
The Avionics unit specializes in mission-critical aviation products, serving over 160 aircraft platforms across commercial, business, and military markets. Their product portfolio includes ADS-B NextGen surveillance, voice and data recorders, collision avoidance systems, and navigation products.
The Commercial Training Solutions (CTS) unit provides comprehensive aircraft training solutions, including full flight simulators, training devices, and airline-specific qualification courses. Their airline academy offers integrated training programs spanning 12-18 months, covering flight training, instruction, type rating, and airline placement services.
TJC ha completato l'acquisizione del business Commercial Aviation Solutions (CAS) di L3Harris Technologies (NYSE:LHX) per 800 milioni di dollari. L'acquisizione comprende due principali unità operative:
L'unità Avionics si specializza in prodotti aeronautici mission-critical, servendo oltre 160 piattaforme aeree nei mercati commerciale, business e militare. Il loro portafoglio prodotti include sorveglianza ADS-B NextGen, registratori vocali e dati, sistemi di prevenzione delle collisioni e prodotti di navigazione.
L'unità Commercial Training Solutions (CTS) offre soluzioni complete per la formazione degli aerei, inclusi simulatori di volo completi, dispositivi di addestramento e corsi di qualificazione specifici per le compagnie aeree. La loro accademia aerea offre programmi di formazione integrati che vanno da 12 a 18 mesi, coprendo addestramento al volo, istruzione, abilitazione di tipo e servizi di collocamento nelle compagnie aeree.
TJC ha completado la adquisición del negocio de Commercial Aviation Solutions (CAS) de L3Harris Technologies (NYSE:LHX) por 800 millones de dólares. La adquisición abarca dos unidades operativas principales:
La unidad de Avionics se especializa en productos de aviación críticos para la misión, atendiendo a más de 160 plataformas de aeronaves en los mercados comercial, empresarial y militar. Su cartera de productos incluye vigilancia ADS-B NextGen, grabadoras de voz y datos, sistemas de prevención de colisiones y productos de navegación.
La unidad de Commercial Training Solutions (CTS) proporciona soluciones integrales de formación de aeronaves, incluidos simuladores de vuelo completos, dispositivos de formación y cursos de calificación específicos de aerolíneas. Su academia de aerolíneas ofrece programas de formación integrados que abarcan de 12 a 18 meses, cubriendo formación de vuelo, instrucción, calificación de tipo y servicios de colocación en aerolíneas.
TJC는 L3Harris Technologies (NYSE:LHX)의 상업 항공 솔루션 (CAS) 사업을 8억 달러에 인수 완료했습니다. 이 인수는 두 개의 주요 운영 단위를 포함합니다:
Avionics 유닛은 상업, 비즈니스 및 군사 시장에서 160개 이상의 항공기 플랫폼에 서비스를 제공하는 미션 크리티컬 항공 제품을 전문으로 합니다. 그들의 제품 포트폴리오에는 ADS-B NextGen 감시, 음성 및 데이터 기록 장치, 충돌 회피 시스템 및 내비게이션 제품이 포함됩니다.
Commercial Training Solutions (CTS) 유닛은 완전 비행 시뮬레이터, 훈련 장치 및 항공사별 자격 과정 등 포괄적인 항공기 훈련 솔루션을 제공합니다. 그들의 항공사 아카데미는 비행 훈련, 교육, 유형 인증 및 항공사 배치 서비스를 포함한 12-18개월의 통합 훈련 프로그램을 제공합니다.
TJC a finalisé l'acquisition de l'activité Commercial Aviation Solutions (CAS) de L3Harris Technologies (NYSE:LHX) pour 800 millions de dollars. L'acquisition comprend deux unités opérationnelles principales :
L'unité Avionics se spécialise dans les produits aéronautiques critiques, servant plus de 160 plateformes aéronautiques sur les marchés commercial, d'affaires et militaire. Leur portefeuille de produits comprend la surveillance ADS-B NextGen, des enregistreurs vocaux et de données, des systèmes d'évitement de collision et des produits de navigation.
L'unité Commercial Training Solutions (CTS) propose des solutions de formation complètes pour les aéronefs, y compris des simulateurs de vol complets, des dispositifs de formation et des cours de qualification spécifiques aux compagnies aériennes. Leur académie aérienne propose des programmes de formation intégrés s'étendant sur 12 à 18 mois, couvrant la formation au vol, l'instruction, la qualification de type et les services de placement dans les compagnies aériennes.
TJC hat die Übernahme des Geschäftsbereichs Commercial Aviation Solutions (CAS) von L3Harris Technologies (NYSE:LHX) für 800 Millionen Dollar abgeschlossen. Die Übernahme umfasst zwei Hauptbetriebsbereiche:
Die Avionics-Einheit ist auf mission-critical Luftfahrtprodukte spezialisiert und bedient über 160 Flugzeugplattformen in den Bereichen kommerziell, geschäftlich und militärisch. Ihr Produktportfolio umfasst ADS-B NextGen-Überwachung, Sprach- und Datenrekorder, Kollisionsvermeidungssysteme und Navigationsprodukte.
Die Einheit Commercial Training Solutions (CTS) bietet umfassende Schulungslösungen für Flugzeuge an, einschließlich vollständiger Flugsimulatoren, Trainingsgeräten und fluggesellschaftenspezifischen Qualifizierungskursen. Ihre Fluggesellschaftsakademie bietet integrierte Ausbildungsprogramme von 12 bis 18 Monaten an, die Flugtraining, Unterricht, Typenzulassung und Platzierungsdienste für Fluggesellschaften abdecken.
- Strategic acquisition of established aviation business for $800 million
- Diverse product portfolio serving 160+ aircraft platforms
- Strong market position in mission-critical avionics systems
- Established presence in commercial training solutions with comprehensive offering
- None.
Insights
L3Harris' divestiture of its Commercial Aviation Solutions (CAS) business for
The sale aligns with the defense industry's broader trend of portfolio optimization, where companies divest commercial-facing units to concentrate resources on higher-margin defense businesses with more predictable government revenue streams. While the article doesn't disclose revenue multiples or CAS's contribution to L3Harris' overall financials, the
L3Harris likely benefits from immediate cash injection to strengthen its balance sheet, potentially enabling increased shareholder returns or funding for higher-growth defense initiatives. The company's decision to divest both the Avionics and Commercial Training Solutions components together suggests a comprehensive exit from the commercial aviation segment, allowing management to sharpen focus on mission-critical defense technologies where L3Harris has established competitive advantages.
The involvement of prestigious financial advisors (Morgan Stanley and Moelis) and top-tier legal counsel indicates a thoroughly vetted transaction that likely optimized value for L3Harris shareholders.
CAS has two operating business units; the Avionics unit designs and manufactures mission critical, IP-driven avionics products, and the Commercial Training Solutions (“CTS”) unit provides an integrated suite of aircraft training solutions.
The Avionics unit is a global leader in aviation that enhances safety and increases efficiency and situational awareness for next-generation requirements and helps its customers create safer skies. Their products include ADS-B NextGen surveillance, configurable voice and data recorders, collision avoidance systems, navigation products, display systems, processors and additional products such as satellite communications equipment and data analytics services. The business serves over 160 distinct aircraft platforms across commercial air transport, business and regional jet, and military end markets.
The CTS unit manufactures training systems and provides airline training, including recurring courses for pilots and airline academy participants. The training systems suite includes full flight simulators, flight training devices, flat panel trainers, and relevant training courseware and equipment upgrades. Airline training includes airline-specific qualification courses, refresher training and simulator time. Its airline academy provides an integrated environment that supports cadets over a 12-18 month training period, including flight training, instruction, type rating, and placement with regional and major airlines.
“L3Harris’ CAS business is a global leader with a long history of providing highly engineered products at the intersection of data, communications and safety,” said Erik Fagan, a Partner at TJC. “We look forward to partnering with their strong management team to build upon their history of success to provide high-reliability solutions to their critical customers.”
Kirkland & Ellis LLP is serving as legal counsel for TJC. Morgan Stanley & Co. LLC and Moelis & Company LLC are acting as financial advisors and Sullivan & Cromwell LLP is serving as legal counsel for L3Harris.
About TJC
TJC LP, formerly known as The Jordan Company, has worked for more than 40 years with CEOs, founders and entrepreneurs across a range of industries including Consumer & Healthcare, Diversified Industrials, Industrial Technology, Logistics & Supply Chain and Technology & Infrastructure. With
View source version on businesswire.com: https://www.businesswire.com/news/home/20250331974227/en/
Media Contact
Eli Kapsack
ekapsack@prosek.com
Source: TJC, L.P.
FAQ
What is the value of TJC's acquisition of L3Harris' Commercial Aviation Solutions (LHX)?
What are the main business units included in L3Harris' CAS acquisition (LHX)?
How many aircraft platforms does the L3Harris CAS Avionics unit serve (LHX)?
What is the duration of the airline academy training program in L3Harris' CTS unit (LHX)?
