L3Harris Exits Avionics, And China! -- Market Talk

Dow Jones2023-11-27

1022 ET - L3Harris' planned sale of its commercial aviation services business includes a neat exit from some China-related business, pertinent--given calls from some lawmakers for U.S. defense companies such as RTX and Boeing to "decouple" from any Chinese ties. The avionics and training business being sold for $800M includes a JV with France's Thales that sells aircraft collision avoidance units and counts big Chinese airlines among its customers. (doug.cameron@wsj.com)

(END) Dow Jones Newswires

November 27, 2023 10:22 ET (15:22 GMT)

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