L3Harris Technologies announces agreement to sell non-core assets for $200M

L3Harris Technologies has signed a definitive agreement under which an affiliate of Kanders & Company will acquire its antenna and related businesses for $200 million. The transaction is expected to close this quarter and is subject to customary closing conditions and regulatory approvals. The agreement aligns with L3Harris’ portfolio-shaping strategy for non-core assets, with transaction proceeds to be used consistent with capital allocation plans. The transaction is made up of $175 million of cash at closing and a $25 million seller note. The businesses L3Harris will divest offer a variety of airborne and ground-based antennas and test equipment. They are part of the Space & Airborne Systems segment and employ approximately 375 people.