L3harris technologies completes $1.45 billion sales of its military training and combat propulsion systems businesses

Melbourne, fla.--(business wire)--l3harris technologies (nyse:lhx) has completed the sales of its military training business to cae and its combat propulsion systems and related businesses to renk ag for a combined $1.45 billion. proceeds from the divestitures are expected to be used for share repurchases. cae (nyse:cae; tsx:cae) acquired l3harris' military training business for $1.05 billion in cash. with annual revenue of approximately $525 million, the military training business provides a w
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