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  • Thursday, November 21, 2024
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L3Harris Closes Acquisition of Viasat’s Tactical Data Link Portfolio

L3Harris Technologies (NYSE: LHX) has completed its purchase of Link 16, the tactical data link product line of Viasat (Nasdaq: VSAT) for about $1.96 billion.

L3Harris agreed to buy Viasat’s TDL portfolio in October as part of a strategic effort to meet warfighters’ Joint All-Domain Command and Control requirements.

In December, the Melbourne, Florida-based defense contractor secured all regulatory approvals for its acquisition of Viasat’s Link 16 product line, which generates about $400 million in annual sales and is composed of approximately 450 employees.

The closing of the Link 16 transaction came weeks after L3Harris struck a $4.7 billion cash deal to acquire Aerojet Rocketdyne (NYSE: AJRD). 

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