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L3Harris Announces Divestiture of Visual Information Solutions Business
December 23, 2022 | Business WireEstimated reading time: Less than a minute
L3Harris Technologies announced the signing of a definitive agreement with NV5 Global Inc. to divest its Visual Information Solutions business with an anticipated benefit up to $100 million. The transaction is expected to close mid-2023, subject to required regulatory approvals and other customary closing conditions.
The divestiture is consistent with the company’s broader strategy to continue portfolio optimization, and to align long-term innovation investments for national security priorities and whole-of-government, multi-domain solutions.
In October, L3Harris entered into an agreement to acquire ViaSat’s Tactical Data Link product line in order to modernize the Link 16 network to provide more resilient, multi-domain communications for the DoD, and that effort obtained comprehensive regulatory approval earlier this week. In December, L3Harris entered into an agreement to acquire Aerojet Rocketdyne, a key supplier of propulsion systems and energetics to the DoD, NASA and other partners and allies worldwide.
L3Harris Visual Information Solutions is a global provider of commercial geospatial software, technology and services used to extract and analyze reliable, accurate and actionable information from geospatial to terrestrial imagery.
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