M&A Deal Summary

L3Harris Acquires L-3 Communications

On October 14, 2018, L3Harris acquired technology hardware company L-3 Communications

Acquisition Highlights
  • This is L3Harris’ 4th transaction in the Technology Hardware sector.
  • This is L3Harris’ 25th transaction in the United States.
  • This is L3Harris’ 1st transaction in New York.

M&A Deal Summary
Date 2018-10-14
Target L-3 Communications
Sector Technology Hardware
Buyer(s) L3Harris
Deal Type Merger
Advisor(s) Goldman Sachs (Financial)
Simpson Thacher & Bartlett (Legal)

Target

L-3 Communications

New York, New York, United States
website
L3 Technologies, Inc. is an american company that supplies command and control, communications, intelligence, surveillance and reconnaissance systems and products, avionics, ocean products. L3 Technologies was founded in 1997 and is based in New York.

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Buyer(S) 1

Buyer

L3Harris

Melbourne, Florida, United States

website

Category Company
Founded 1895
Sector Defense
Employees47,000
Revenue 17.1B USD (2022)
DESCRIPTION
Entrance to L3Harris' corporate headquarters in Melbourne, Florida.
Entrance to L3Harris' corporate headquarters in Melbourne, Florida.

L3 Harris is a producer of communications products, systems and services for global markets, including RF communications, integrated network solutions and government communications systems. L3Harris Technologies was founded in 1895 and is based in Melbourne, Florida.

DEAL STATS #
Overall 28 of 30
Sector (Technology Hardware) 4 of 4
Type (Merger) 2 of 2
State (New York) 1 of 1
Country (United States) 25 of 27
Year (2018) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2017-04-28 Peraton

Herndon, Virginia, United States

Peraton is a provider of technology-focused services and solutions to various federal government agencies, including space, intelligence, defense, civil, and healthcare. Capabilities include complex software and technology services and solutions, and end-to-end mission operations abilities, including software systems development, cyber, modeling & simulation, mission operations, signal intelligence (SIGINT), and quick reaction capabilities (QRC) / research & development. Peraton is based in Herndon, Virginia.

Sell $690M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-04-05 L3 Harris Technologies - Harris Night Vision

Roanoke, Virginia, United States

L3 Harris Technologies, Inc. - Harris Night Vision is a premier developer, producer and supplier of night vision technology for the U.S. and allied military and security forces and for the federal homeland security market.

Sell $350M
Mergr

Product

Company

Legal