L3Harris near deal to buy part of Viasat's government systems unit - WSJ

Oct. 02, 2022 9:52 PM ETL3Harris Technologies, Inc. (LHX), VSATBy: Carl Surran, SA News Editor4 Comments

L3Harris building in Burlington, Canada.

JHVEPhoto/iStock Editorial via Getty Images

L3Harris Technologies (NYSE:LHX) is near a deal to buy the Link 16 military communications unit from Viasat (NASDAQ:VSAT) for nearly $2B, The Wall Street Journal reported Sunday night.

The Link 16 Tactical Data Links business belongs to Viasat’s (VSAT) government systems segment, and is part of an integrated network of military aircraft, surface vessels, ground vehicles and bases designed to securely share voice-and-data communications.

The Link 16 unit accounts for around a third of Viasat's (VSAT) government business, according to WSJ, which also said Viasat plans to use proceeds from the deal to pay down debt.

Recommended For You

Comments (4)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.