L3Harris Technologies Completes Sale of Airport Security and Automation Business to Leidos for $1 Bn

May 04, 2020

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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.

Source : L3Harris