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L3Harris closes $1B sale of airport security/automation business

L3Harris (NYSE:LHX) has closed the $1B sale of its airport security and automation business to Leidos (NYSE:LDOS).

The deal was in all cash.

L3Harris’ Security & Detection Systems and MacDonald Humfrey Automation solutions (used in aviation and transportation industries, regulatory and customs authorities, government and law enforcement agencies, and commercial and other high-security facilities) boast annual revenues of nearly $500M.

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L3Harris to sell EOTech to Koucar Management affiliate

L3Harris (LHX +4.4%) has signed a definitive deal to sell the EOTech business to American Holoptics, an affiliate of Koucar Management. Financial terms weren’t disclosed, but EOTech draws annual revenues of about $60M. It makes holographic sighting systems, magnified field optics and accessories for military, law enforcement and commercial markets. …

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