L3Harris (LHX) to Sell Antenna & Related Business for $200M

L3Harris Technologies Inc. (LHX) recently announced that it has signed an agreement to divest its antenna and related businesses for 200 million to an affiliate of Kanders & Co., Inc. Once the deal gets completed, L3Harris will earn cash worth 175 million.The transaction is anticipated to close in the second quarter of 2024.The businesses that L3Harris has agreed to sell specialize in a range of airborne and ground-based antennas and test equipment.Rationale Behind the SaleL3Harris’ decision to divest ant ...