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L3Harris completes $350M sale of night-vision business to Elbit Systems

L3Harris Technologies Inc. completed the sale of the Harris Night Vision business to Elbit Systems of America LLC for $350 million in cash.

The disposal formed part of regulatory conditions to clear the merger of Harris Corp. and L3 Technologies Inc. in June. Proceeds will be used to pre-fund the L3Harris pension.

The transaction did not include the legacy L3 Warrior Mission Solutions business that develops and manufactures night vision and electro-optical systems and components, the company said.