MELBOURNE, Fla.--(BUSINESS WIRE)--Jan 3, 2023--

L3Harris Technologies (NYSE: LHX) today announced closing its acquisition of Viasat Inc.’s (NASDAQ: VSAT) Tactical Data Links product line – commonly known as Link 16 – for approximately $1.96 billion, subject to customary adjustments.

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Acquiring the Link 16 tactical data link product line will allow L3Harris to expand resilient communication and networking capabilities to a larger user base across multiple domains. (Photo: Business Wire)

The company announced the signing of a definitive agreement to acquire the TDL network in October 2022 and secured U.S. and allied partner regulatory approvals in December.

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 technologies across space, air, land, sea and cyber domains.

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CONTACT: Paul Swiergosz

Corporate

Paul.Swiergosz@L3Harris.com

321-378-5631

KEYWORD: FLORIDA UNITED STATES NORTH AMERICA

INDUSTRY KEYWORD: TECHNOLOGY OTHER DEFENSE CONTRACTS ENGINEERING SECURITY OTHER TECHNOLOGY AEROSPACE MANUFACTURING DEFENSE

SOURCE: L3Harris Technologies

Copyright Business Wire 2023.

PUB: 01/03/2023 04:00 PM/DISC: 01/03/2023 04:01 PM

http://www.businesswire.com/news/home/20230103005143/en