L3Harris Technologies to Sell Commercial Aviation Business for $800 Million

Melbourne-based high-tech and defense company L3Harris Technologies is divesting its commercial aviation business to focus on the defense sector and reduce debt.

L3Harris Technologies, a leading high-tech and defense company based in Melbourne, has recently announced its plans to sell its commercial aviation business for $800 million. The sale is part of the company’s strategy to prioritize its focus on the defense sector and reduce debt incurred from previous acquisitions. L3Harris Technologies aims to optimize its national security portfolio and accelerate its debt reduction objectives through the sale of non-core assets.

Streamlining Operations and Reducing Debt

L3Harris Technologies’ decision to sell its commercial aviation business aligns with its goal of streamlining operations and reducing debt. With total debt amounting to $13.5 billion as of September 30, the company aims to reduce its debt by $3 billion, partly through the proceeds from the sale of non-core assets. This strategic move allows L3Harris to allocate capital more efficiently and focus on acquiring businesses that align with the nation’s defense strategy.

Commercial Aviation Solutions Business Overview

The commercial aviation solutions business, which is part of L3Harris’ Integrated Mission Systems segment, offers a range of products and services including pilot training, flight data analytics, avionics, and advanced air mobility solutions. With approximately 1,450 employees, this business unit plays a significant role in the company’s operations. However, L3Harris has not disclosed the exact number of employees located in Brevard County, where the business is based.

Debt Repayment and Capital Allocation Priorities

L3Harris Technologies’ senior vice president and chief financial officer, Michelle Turner, emphasized the company’s focus on debt repayment during its quarterly briefing with stock analysts. The proceeds from the sale of the commercial aviation business will contribute to accelerating the timeline for reaching the company’s debt leverage objective. By prioritizing debt reduction, L3Harris aims to strengthen its financial position and create opportunities for future growth.

TJC’s Acquisition and Future Plans

The commercial aviation business will be acquired by an affiliate of TJC, an equity firm based in New York. TJC recognizes L3Harris’ commercial aviation business as a global leader with a strong track record in providing highly engineered products at the intersection of data, communications, and safety. The acquisition is expected to close in the first half of 2024, subject to regulatory approvals. TJC’s expertise and resources are expected to further enhance the commercial aviation business’s capabilities and market position.

L3Harris Technologies’ Defense Focus

As one of the largest defense contractors in the United States, L3Harris Technologies is committed to reshaping the U.S. defense industrial base. The company’s focus on operational excellence, delivering quality products on time, and driving cost efficiencies aligns with its strategic vision as a national security company. L3Harris Technologies’ portfolio spans across the space, air, land, sea, and cyber domains, providing cutting-edge technology solutions.


L3Harris Technologies’ decision to sell its commercial aviation business for $800 million reflects its commitment to prioritize the defense sector and reduce debt. By streamlining its operations and focusing on core areas of expertise, the company aims to optimize its national security portfolio and strengthen its financial position. The sale to TJC’s affiliate presents an opportunity for the commercial aviation business to further enhance its capabilities and market position. As L3Harris Technologies continues to reshape the U.S. defense industrial base, its commitment to operational excellence and delivering innovative solutions remains steadfast.






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