L3Harris Announces Divestment of Antenna and Related Businesses
Friday, 5 April 2024, 12:55
L3Harris to Sell Antenna and Related Businesses for $200M
L3Harris, a leading company in the aerospace and defense sector, has announced its decision to divest antenna and related businesses as part of its strategy to trim non-core assets and concentrate on core operations.
Strategic Move for Streamlining Operations
This divestment of antenna and related businesses for $200 million marks a significant step towards optimizing resources and enhancing profitability to compete effectively in the market.
- Key Point: L3Harris aims at focusing on core assets and maximizing operational efficiency.
- Impact: The decision is intended to strengthen the company's position in a highly competitive industry.
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