L3Harris Technologies (LHX) announced the signing of a definitive agreement with NV5 Global (NVEE) to divest its Visual Information Solutions business with an anticipated benefit up to $100M. The transaction is expected to close mid-2023, subject to required regulatory approvals and other customary closing conditions. The divestiture is consistent with the company’s broader strategy to continue portfolio optimization, and to align long-term innovation investments for national security priorities and whole-of-government, multi-domain solutions.
Published first on TheFly
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