M&A Deal Summary

BWXT Acquires A.O.T

On November 4, 2024, BWXT acquired aerospace company A.O.T from L3Harris for 100M USD

Acquisition Highlights
  • This is BWXT’s 1st transaction in the Aerospace sector.
  • This is BWXT’s largest (disclosed) transaction.
  • This is BWXT’s 2nd transaction in the United States.
  • This is BWXT’s 1st transaction in Tennessee.

M&A Deal Summary

Date 2024-11-04
Target A.O.T
Sector Aerospace
Buyer(s) BWXT
Sellers(s) L3Harris
Deal Type Divestiture
Deal Value 100M USD

Target

A.O.T

Jonesborough, Tennessee, United States
A.O.T is a provider of advanced specialty materials, fabrication, and high-strength alloy manufacturing, including depleted uranium-engineered materials. A.O.T is based in Jonesborough, Tennessee.

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Buyer(S) 1

Buyer

BWXT

Lynchburg, Virginia, United States

Category Company
Founded 1867
Sector Defense
Employees7,800
Revenue 2.5B USD (2023)
DESCRIPTION

BWXT manufactures nuclear components and is a service provider. BWX's core businesses focus on designing, engineering and manufacturing precision naval nuclear components, reactors and nuclear fuel for the US Government. The Company also provides uranium processing and environmental site restoration services, as well as a variety of products and services to customers in the nuclear power industry. BWXT was founded in 1867 and is based in Lynchburg, Virginia.


DEAL STATS #
Overall 4 of 4
Sector (Aerospace) 1 of 1
Type (Divestiture) 3 of 3
State (Tennessee) 1 of 1
Country (United States) 2 of 2
Year (2024) 1 of 1
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-01-02 Laker Energy Products

Oakville, Ontario, Canada

Laker Energy Products, Inc. is a provider of nuclear-grade materials and precisely machined components for CANDU® nuclear power utilities around the globe. Laker Energy Products was founded in 1995 and is based in Oakville, Ontario.

Buy -

Seller(S) 1

SELLER

L3Harris

Melbourne, Florida, United States

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 23 of 23
Sector (Aerospace) 3 of 3
Type (Divestiture) 22 of 22
State (Tennessee) 1 of 1
Country (United States) 23 of 23
Year (2024) 1 of 1
Size (of disclosed) 10 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-11-27 L3Harris’ Commercial Aviation Solutions

Melbourne, Florida, United States

L3Harris’ Commercial Aviation Solutions (CAS) operates two business units, Avionics unit that designs and manufactures mission-critical, IP-driven avionics products, and the Commercial Training Solutions (“CTS”) unit provides an integrated suite of aircraft training solutions. The Avionics unit enhances safety increases efficiency and situational awareness for next-generation requirements and helps its customers create safer skies. Their products include ADS-B NextGen surveillance, configurable voice and data recorders, collision avoidance systems, navigation products, display systems, processors, and additional products such as satellite communications equipment and data analytics services. The CTS unit manufactures training systems and provides airline training, including recurring courses for pilots and airline academy participants. The training systems suite includes full flight simulators, flight training devices, flat panel trainers, and relevant training courseware and equipment upgrades. L3Harris’ Commercial Aviation Solutions (CAS) is based in Melbourne, Florida.

Sell $700M