One of the briefest press releases pertaining to a sale is as follows…
December 7, 2021
L3Harris Technologies (NYSE:LHX) has completed the sale of its Narda-MITEQ business to an investment affiliate of J.F. Lehman & Company.
Narda-MITEQ was part of L3Harris’ Aviation Systems segment and provides high performance amplifiers, integrated microwave assemblies, pin diode switches, safety and measurement instrumentation, and other components for use in radiofrequency and microwave systems.
About … L3Harris Technologies is a 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 space, air, land, sea and cyber domains. L3Harris has approximately $18 billion in annual revenue and 47,000 employees, with customers in more than 100 countries. L3Harris.com.