L3Harris Acquires Viasat’s Link 16 Tactical Data Link Product Line For $1.96 Billion
L3Harris Applied sciences (NYSE: LHX) at the moment introduced closing its acquisition of Viasat Inc.’s (NASDAQ: VSAT) Tactical Knowledge Hyperlinks product line – generally referred to as Hyperlink 16 – for about $1.96 billion, topic to customary changes. The corporate introduced the signing of a definitive settlement to amass Viasat’s Tactical Knowledge Hyperlink product line and community on 3 October, 2022 and secured U.S. and allied companion regulatory approvals in December for $1.96 billion.
Viasat Inc. is an American communications firm based mostly in Carlsbad, California, with extra operations throughout the US and worldwide. Viasat is a supplier of high-speed satellite tv for pc broadband companies and safe networking techniques masking army and business markets. On 24 February, 2022, the day Russia invaded Ukraine, hundreds of Viasat modems bought bricked by a “deliberate … cyber occasion”. Hundreds of shoppers in Europe have been with out web for a month since.
L3Harris Applied sciences (L3Harris) is an American expertise firm, protection contractor, and data expertise companies supplier that produces C6ISR techniques and merchandise, wi-fi gear, tactical radios, avionics and digital techniques, evening imaginative and prescient gear, and each terrestrial and spaceborne antennas to be used within the authorities, protection, and business sectors. They specialise in surveillance options, microwave weaponry and digital warfare. It was shaped from the merger of L3 Applied sciences and Harris Company on June 29, 2019, and was anticipated to be the sixth-largest protection contractor in the US.
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