L3Harris Mergers and Acquisitions Summary

ElectronicsCompany

L3Harris has acquired 31 companies, including 1 in the last 5 years. A total of 6 acquisitions came from private equity firms. It has also divested 18 assets.

L3Harris’ largest acquisition to date was in 2015, when it acquired Exelis for $4.8B. It’s largest disclosed sale occurred in 2021, when it sold L3 Harris Technologies - Military Training Business to CAE for $1.1B. L3Harris has acquired in 16 different US states, and 3 countries. The Company’s most targeted sectors include communications (36%) and information technology (22%).

Join Mergr and gain access to L3Harris’ M&A summary, the M&A summaries of companies just like it, as well as recent M&A activity in the electronics sector.

M&A Summary

  • M&A Total Activity46
    • M&A Buy Activity28
    • M&A Sell Activity18
  • Total Sectors Invested 7
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 25
  • M&A Advisors 6

L3Harris

L3 Harris Technologies, Inc.

1025 West NASA Boulevard,
Melbourne, Florida 32919
United States,
(312) 727-9100
www.l3harris.com

L3 Harris Technologies, Inc. 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.


M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (0.2/yr) # 27 - 1 - - - 28
vol $7.0B $7.0B
Sell (1.6/yr) # 10 1 - 1 2 4 18
vol $1.4B $690M $350M $1.0B $1.5B $4.9B
  46

Most Recent M&A

Company Date Value Type
L3 ESSCO, Inc. 2021-09-06 - Divestiture
Ayer, Massachusetts
Stellant Systems 2021-08-03 - Divestiture
Torrance, California
L3 Harris Technologies - Military Training Business 2021-03-01 1.1B USD Divestiture
Tampa, Florida
L3 Harris Technologies, Inc. - Combat Propulsion Systems Business and Magnet-Motors 2021-03-01 400M USD Divestiture
Melbourne, Florida
L3Harris Technologies - Applied Kilovolts & Analytical Instrumentation Business 2020-02-26 - Divestiture
Melbourne, Florida
L3Harris Technologies Inc. - Security Detection and Automation Business 2020-02-04 1.0B USD Divestiture
Tewksbury, Massachusetts
L3 Harris Technologies, Inc. - Harris Night Vision 2019-04-05 350M USD Divestiture
Roanoke, Virginia
L3 Technologies, Inc. 2018-10-14 - Merger
New York, New York · www.l3t.com
Peraton Corp. 2017-04-28 690M USD Divestiture
Herndon, Virginia · www.peraton.com
Harris CapRock Communications, Inc. 2016-11-01 425M USD Divestiture
Houston, Texas · www.harriscaprock.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Communications 10 (36%) 1.1B (15%) 1 (6%) 690M (14%)
Technology Hardware 4 (14%) 134M (2%) 3 (17%) 475M (10%)
Information Technology 6 (21%) 5.4B (77%) - -
Software 5 (18%) 395M (6%) - -
Electrical Equipment 1 (4%) - 2 (11%) -
Electronics - - 3 (17%) -
Aerospace 1 (4%) - 1 (6%) 210M (4%)
Safety/Security - - 2 (11%) 1.4B (28%)
Semiconductors - - 2 (11%) 700M (14%)
Test/Measurement Equipment 1 (4%) - - -
Defense - - 1 (6%) 1.1B (22%)
Healthcare Services - - 1 (6%) -
Machinery - - 1 (6%) 400M (8%)
Manufacturing - - 1 (6%) -
Total 28 $7.0B 18 $4.9B

By Geo

State/Country Buy Value Sell Value
United States 25 7.0B 18 4.9B
  Virginia 4 5.2B 2 1.0B
  Florida 2 23M 4 1.5B
  California 3 95M 2 50M
  Texas 3 525M 2 425M
  Massachusetts 1 - 2 1.0B
  Colorado 1 340M 1 -
  Arizona 1 155M - -
  Washington 1 134M - -
  Pennsylvania 1 - - -
  Oregon 1 - - -
  Ohio 1 - - -
  New York 1 - - -
  New Jersey 1 35M - -
  Missouri 1 32M - -
  Indiana 1 - - -
Canada 2 - - -
  Alberta 1 - - -
Ireland 1 - - -
Domestic 25 (89%) 7.0B (100%) 18 (100%) 4.9B (100%)
Cross-border 3 (11%) - - -
Total 28 $7.0B 18 $4.9B

Top M&A Advisors

Financial Deals
Morgan Stanley
4
Houlihan Lokey
1
Legal Deals
Sullivan & Cromwell LLP
4
Jones Day
1
Holland & Knight LLP
1

Deal Values

buy # Total
> $1B 1 $4.8B
$100M to $1B 6 $2.0B
< $100M 6 $251M
TOTAL $7.0B
Largest Exelis, Inc.
$4.8B (2015-02-06)
sell # Total
> $1B 2 $2.1B
$100M to $1B 6 $2.8B
< $100M 1 $50M
TOTAL $4.9B
Largest L3 Harris Technologies - Military Training Business
$1.1B (2021-03-01)

M&A Connections

Deals
Acquired from
Investor(s)
11%
3 (11%)
Strategic(s)
11%
3 (11%)
Divested to
Investor(s)
22%
4 (22%)
Strategic(s)
72%
13 (72%)

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