L3Harris Completes Sale of Specialized Materials Business to BWXT for Approximately $100 Million
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L3Harris Technologies has sold its specialized materials business, Aerojet Ordnance Tennessee, to BWX Technologies for $100 million. This move is part of L3Harris' strategy to optimize its portfolio.
January 06, 2025 | 12:00 pm
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POSITIVE IMPACT
BWX Technologies has acquired Aerojet Ordnance Tennessee from L3Harris for $100 million, enhancing its capabilities in providing specialized metal components.
The acquisition of Aerojet Ordnance Tennessee by BWX Technologies could enhance its product offerings and market position, potentially leading to a positive impact on its stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
L3Harris Technologies has completed the sale of its specialized materials business to BWX Technologies for $100 million, aligning with its strategy to optimize its portfolio.
The sale of Aerojet Ordnance Tennessee is a strategic move by L3Harris to optimize its portfolio, which could positively impact its stock by improving focus and potentially increasing shareholder value.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80