L3Harris Technologies, Inc. has announced the successful completion of the sale of its Aerojet Ordnance Tennessee Inc. (A.O.T.) division to BWX Technologies for approximately $100 million. This transaction aligns with L3Harris's long-term strategy to enhance and refine its portfolio.
A.O.T., based in Tennessee and employing fewer than 100 individuals, is a key supplier of depleted uranium materials to the U.S. government and is known for producing advanced metal components utilized in the defense, aerospace, and commercial sectors.
On the NYSE, pre-market trading reflects a slight increase in L3Harris shares to $210.04, representing a 0.14% rise, while BWX Technologies shares have climbed by 1.33% to $115.01.
