Kubasik revealed that the proceeds from this deal will be strategically deployed to reduce the company’s debt burden, propelling L3Harris faster towards its financial stability targets.
L3Harris Aviation Unit Sale: The Aviation Unit’s Scope
The commercial aviation division, now preparing for its journey with TJC, boasts a robust array of services. From pilot training to advanced flight data analytics, not to mention state-of-the-art avionics and air mobility solutions, the unit is a veritable powerhouse. It’s fueled by the expertise of approximately 1,450 dedicated employees.
L3Harris Aviation Unit Sale : Guiding the Transaction
On this voyage, L3Harris is navigated by the financial expertise of Morgan Stanley & Co. and Moelis & Co., while TJC LP places its trust in the capable hands of J.P. Morgan Securities LLC.
Past Milestones: L3Harris’ Acquisition Trail
This deal ascends on the tailwinds of L3Harris’ recent acquisition spree. Notably, the company sealed a massive $4.7 billion deal for Aerojet Rocketdyne in late July, following its initial announcement in December 2022. Earlier, L3Harris had secured the near-$2 billion acquisition of Link 16 in January.
L3Harris Aviation Unit Sale : The Teams Behind the Scenes
Commanding the legal formation for L3Harris is the dynamic duo of Keith A. Pagnani and Scott B. Crofton from Sullivan & Cromwell LLP. Meanwhile, the squadron representing TJC LP from Kirkland & Ellis LLP remains shrouded in mystery, with further details yet to emerge.
