Kanders & Company Announces Definitive Agreement to Acquire Antenna and Test Equipment Businesses from L3Harris [Yahoo! Finance]
L3Harris Technologies, Inc. (LHX)
Last l3harris technologies, inc. earnings: 2/4 06:30 am
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Source: Yahoo! Finance
April 5, 2024 /PRNewswire/ -- Kanders & Company, Inc. ("Kanders"), a U.S.-based single-family office, announced today that it has entered into a definitive agreement to acquire and combine certain antenna and test equipment businesses from L3Harris Technologies (NYSE: LHX) for $200 million The acquisition brings together three separate business units under Kanders' newly formed Fisica, Inc. ("Fisica") platform. With roots dating back to the 1960s, the acquired businesses are known as skilled manufacturers of airborne and ground-based antennas, and electromagnetic systems and simulators for applications across radar, communications, warning systems, remote sensing, nuclear effects testing and imaging. Fisica will be well positioned for continued growth and success as a critical partner for flagship defense primes and the U.S. Department of Defense. "We are excited to announce the agreement to acquire these businesses from L3Harris and partner with existing management to launch a ne
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- L3Harris Technologies, Inc. (NYSE: LHX) had its price target raised by analysts at Barclays PLC from $238.00 to $245.00. They now have an "overweight" rating on the stock.MarketBeat
LHX
Earnings
- 4/25/24 - Beat
LHX
Sec Filings
- 5/1/24 - Form S-8
- 4/26/24 - Form 10-Q
- 4/25/24 - Form 8-K
- LHX's page on the SEC website