L3Harris Completes Sale of Specialized Materials Business to BWXT for Approximately $100 Million

06 Jan L3Harris Completes Sale of Specialized Materials Business to BWXT for Approximately $100 Million

MELBOURNE, Fla.–(BUSINESS WIRE)–L3Harris Technologies (NYSE: LHX) has completed the sale of its specialized materials business, Aerojet Ordnance Tennessee, Inc. (A.O.T.), to BWX Technologies, Inc. (NYSE: BWXT) for approximately $100 million.

The deal aligns with L3Harris’ multi-year strategy to optimize its portfolio and deliver on commitments to customers and shareholders.

A.O.T. is the sole provider of depleted uranium to the U.S. government and produces advanced specialized metal components for defense, aerospace and commercial products. The business is located in Tennessee and currently employs less than 100 people.

About L3Harris Technologies

L3Harris Technologies is the Trusted Disruptor in the defense industry. With customers’ mission-critical needs always in mind, our employees deliver end-to-end technology solutions connecting the space, air, land, sea and cyber domains in the interest of national security. Visit L3Harris.com for more information.

Contacts

Daniel Gittsovich
Investor Relations

InvestorRelations@L3Harris.com
321-724-3170

Sara Banda
Media Relations

Media@L3Harris.com
321-306-8927