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.
