M&A Deal Summary

L3Harris Acquires Link 16

On October 3, 2022, L3Harris acquired communications company Link 16 from ViaSat for 2.0B USD

Acquisition Highlights
  • This is L3Harris’ 11th transaction in the Communications sector.
  • This is L3Harris’ 3rd largest (disclosed) transaction.
  • This is L3Harris’ 26th transaction in the United States.
  • This is L3Harris’ 4th transaction in California.

M&A Deal Summary

Date 2022-10-03
Target Link 16
Sector Communications
Buyer(s) L3Harris
Sellers(s) ViaSat
Deal Type Divestiture
Deal Value 2.0B USD

Target

Link 16

Carlsbad, California, United States
Link 16's network is integrated into military aircraft, ground vehicles, surface vessels, and operating bases, enabling warfighters across multiple domains to securely share voice and data communications.

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Buyer(S) 1

Buyer

L3Harris

Melbourne, Florida, United States

website


Category Company
Founded 1895
Sector Defense
Employees47,000
Revenue 19.4B USD (2023)
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 29 of 30
Sector (Communications) 11 of 11
Type (Divestiture) 4 of 4
State (California) 4 of 5
Country (United States) 26 of 27
Year (2022) 1 of 2
Size (of disclosed) 3 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-02-15 L3Harris Technologies - Space & Navigation Business

Melbourne, Florida, United States

L3Harris Technologies's Space & Navigation Business designs and builds Navigation products.

Sell $5M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2022-12-18 Aerojet Rocketdyne

El Segundo, California, United States

Aerojet Rocketdyne is a technology-based manufacturer of aerospace and defense products and systems with a real estate segment that includes activities related to the entitlement, sale and leasing of the Company's excess real estate assets. Aerojet Rocketdyne was formed in 1915 and is based in Rancho Cordova, California.

Buy $4.7B

Seller(S) 1

SELLER

ViaSat

Carlsbad, California, United States

website


Category Company
Founded 1986
Sector Communications
Employees6,100
Revenue 2.8B USD (2022)
DESCRIPTION
Entrance to ViaSat's corporate headquarters in Carlsbad, California.
Entrance to ViaSat's corporate headquarters in Carlsbad, California.

ViaSat develops satellite communication systems and equipment for the US government and select commercial customers. ViaSat conducts its business through three segments: satellite services, commercial networks and government systems. ViaSat's satellite services segment provides retail and wholesale satellite-based broadband services for our consumer, enterprise and mobile broadband customers. ViaSat's commercial networks segment develops and produces a variety of advanced end-to-end satellite and other wireless communication systems and ground networking equipment and products. ViaSat's government systems segment develops and produces network-centric Internet Protocol (IP)-based fixed and mobile secure government communications systems, products, services and solutions. ViaSat was founded in 1986 and is based in Carlsbad, California.


DEAL STATS #
Overall 1 of 1
Sector (Communications) 1 of 1
Type (Divestiture) 1 of 1
State (California) 1 of 1
Country (United States) 1 of 1
Year (2022) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-11-08 Inmarsat

London, United Kingdom

Inmarsat is a global mobile satellite communications provider that owns and operates a diverse global portfolio of mobile telecommunications satellite networks, and holds a multi-layered, global spectrum portfolio, covering L-band, Ka-band, and S-band, enabling unparalleled breadth and diversity in the solutions it provides. Inmarsat's long-established global distribution network includes not only the world's leading channel partners but also its own strong direct retail capabilities, enabling end-to-end customer service assurance. The company has an unrivalled track record of operating reliable global mobile satellite telecommunications networks, sustaining business and mission critical safety and operational applications for more than 40 years. It is also a major driving force behind technological innovation in mobile satellite communications, sustaining its leadership through a substantial investment and a powerful network of technology and manufacturing partners. Inmarsat was formed in 1979 and is based in London.

Buy $7.3B