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L3Harris to sell its commercial aviation solutions business for $800 mln

Nov 27 (Reuters) - L3Harris Technologies (LHX.N) is selling its commercial aviation solutions business to private equity firm TJC L.P. for $800 million, the defense company said on Monday. The deal includes a $700 million cash purchase price and a $100 million earnout based on the achievement of certain financial performance targets for this year and 2024. The commercial aviation solutions business of L3Harris offers pilot training, flight data analytics, avionics and advanced air mobility… ( More...

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