Bloomberg is reporting that L3Harris is exploring the sale of its avionics unit, having hired an adviser to pursue a deal. The operation could fetch around $1 billion.
L3Harris produces avionic sensors for both military and commercial aircraft, including ADS-B NextGen surveillance systems, configurable voice and data recorders, collision avoidance systems, navigation products, display systems, and processors. The firm’s Commercial Aviation Solutions division produces civil avionics systems, while the Mission Avionics unit provides military airborne mission system processing computers, avionics systems and displays, hardened electronics, weapons release systems, datalinks, and antennas supporting fixed-wing and rotary-wing platforms, including the F-35, F/A-18 and C-130.
No final decision has been made, and the company may decide to hold the operation.
L3Harris is currently in the process of acquiring rocket and missile motor producer Aerojet Rocketdyne in a deal valued at $4.7 billion. The deal was first announced in late 2022 and is expected to close in 2023 following regulatory approval.
A military history enthusiast, Richard began at Forecast International as editor of the World Weapons Weekly newsletter. As the Internet grew in importance as a research tool, he helped design the company's Forecast Intelligence Center and currently coordinates the EMarket Alert newsletters for clients. Richard also manages social media efforts, including two new blogs: Defense & Security Monitor, covering defense systems and international issues, and Flight Plan, which focuses on commercial aviation and space systems. For over 30 years, Richard has authored the Defense & Aerospace Companies, Volume I (North America) and Volume II (International) services. The two books provide detailed data on major aerospace and defense contractors. He also edits the International Contractors service, a database that tracks all the contractors involved in the programs covered in the FI library. More recently he was appointed Manager, Information Services Group (ISG), a new unit that encompasses developing outbound content for both Forecast International and Military Periscope.
