L3Harris Technologies Completes Sale of Airport Security and Automation Business to Leidos for $1 Billion
May 04 2020 - 5:00PM
Business Wire
L3Harris Technologies (NYSE:LHX) today completed the previously
announced sale of its airport security and automation business to
Leidos (NYSE:LDOS) for $1 billion.
With annual revenues of approximately $500 million, L3Harris’
Security & Detection Systems and MacDonald Humfrey Automation
solutions are used by the aviation and transportation industries,
regulatory and customs authorities, government and law enforcement
agencies, and commercial and other high-security facilities.
About L3Harris Technologies
L3Harris Technologies is an agile global aerospace and defense
technology innovator, delivering end-to-end solutions that meet
customers’ mission-critical needs. The company provides advanced
defense and commercial technologies across air, land, sea, space
and cyber domains. L3Harris has approximately $18 billion in annual
revenue and 50,000 employees, with customers in 130 countries.
L3Harris.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20200504005747/en/
Rajeev Lalwani Investor Relations
Rajeev.Lalwani@L3Harris.com 321-727-9383
Jim Burke Media Relations Jim.Burke@L3Harris.com
321-727-9131
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