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

Business Wire

06 Jan

MELBOURNE, Fla., January 06, 2025--(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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250106971081/en/

Contacts

Daniel Gittsovich
Investor Relations
InvestorRelations@L3Harris.com
321-724-3170

Sara Banda
Media Relations
Media@L3Harris.com
321-306-8927

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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(A.O.T.), to BWX ...</p>\n<a href=\"https://finance.yahoo.com/news/l3harris-completes-sale-specialized-materials-115000090.html\">Source Link</a>\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SG9999014021.USD","symbol_name":"UNITED GLOBAL DURABLE EQUITIES (USDHDG) ACC","start_time":0,"source_url":"https://finance.yahoo.com/news/l3harris-completes-sale-specialized-materials-115000090.html","article_id":"2501875233","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2501875233","pubTimestamp":1736164200,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"MELBOURNE, Fla., January 06, 2025----L3Harris Technologies  has completed the sale of its specialized materials business, Aerojet Ordnance Tennessee, Inc. , to BWX Technologies, Inc.  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. 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(A.O.T.), to BWX Technologies, Inc. (NYSE: BWXT) for approximately $100 million.\nThe deal aligns with L3Harris’ multi-year strategy to optimize its portfolio and deliver on commitments to customers and shareholders.\nA.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.\nAbout L3Harris Technologies\nL3Harris 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. 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