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L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Regulation FD Disclosure (Oct 3, 2022)

Reports
Regulation FD·Exhibits & Filings
Filing Date
Filed October 3, 2022
Period End
October 3, 2022
Security
LHX
In the record · 2016–202610-K1110-Q328-K177

LHX filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 177 current reports (8-K) between 2016 and 2026.

  1. Deal closed8-K · May ’17May ’17
  2. Deal closed8-K · Jul ’19Jul ’19
  3. Leadership change8-K · Dec ’21Dec ’21
  4. Leadership change8-K · Aug ’26Aug ’26

01—Abstract

Summary

Summary of the 8-K filed October 3, 2022. Cited figures are marked; the original filing is the authoritative source.

L3Harris Technologies, Inc. announced on October 3, 2022, that it has entered into a definitive agreement to acquire Viasat, Inc.'s tactical data links product line for approximately $1.96 billiona in cash.

This strategic acquisition is expected to enhance L3Harris's existing capabilities in secure communications and resilient networking solutions, fitting well within its Integrated Mission Systems segment. The transaction is subject to customary closing conditions, including regulatory approvals, and is anticipated to close in the first half of fiscal year 2023. Investors should monitor the progress of regulatory approvals and the integration of this new product line, as it represents a significant investment aimed at bolstering the company's position in a key defense technology market.

02—Key points

Key Highlights

  1. L3Harris to acquire Viasat's tactical data links product line for approximately $1.96 billion in cash.
  2. The acquisition is expected to strengthen L3Harris's position in secure communications and resilient networking.
  3. The transaction is subject to customary closing conditions, including regulatory approvals.
  4. The deal is expected to close in the first half of fiscal year 2023.
  5. This move aligns with L3Harris's strategy to expand its Integrated Mission Systems segment.

03—Questions

Frequently Asked Questions

  1. What is the main purpose of this acquisition for L3Harris?

    The acquisition of Viasat's tactical data links product line is intended to enhance L3Harris's capabilities in secure communications and resilient networking, reinforcing its Integrated Mission Systems segment and market position.

  2. What is the financial value of this deal?

    The purchase price for the tactical data links product line is approximately $1.96 billion in cash, subject to customary adjustments.

  3. When is this acquisition expected to be completed?

    The transaction is expected to close in the first half of fiscal year 2023, pending the satisfaction of closing conditions.

  4. Are there any major conditions that need to be met for the deal to close?

    Yes, the transaction is subject to customary closing conditions, which include the receipt of necessary regulatory approvals and clearances.

04—Continue

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