# EMCORE acquires L3Harris Space and Navigation business for $5M

EMCORE Corporation entered a definitive agreement to acquire the assets and liabilities of L3Harris Space and Navigation Business for approximately $5 million in cash, expanding its inertial navigation product portfolio.

- Type: Acquisition
- Announced: 2022-02-15
- Where: United States
- Value: $5.00M
- Status: announced
- Products: Fiber Optic Gyroscopes, Ring Laser Gyros, reaction wheels
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Emcore Corporation](https://endata.com/companies/33763.md) (acquirer)
- [L3Harris](https://endata.com/companies/51052.md) (target)

## Sources

- [globenewswire.com](https://www.globenewswire.com/news-release/2022/02/15/2385208/337/en/emcore-announces-definitive-agreement-to-acquire-the-l3harris-space-and-navigation-business.html), 2022-02-15: "This acquisition expands our Fiber Optic Gyroscope (FOG) product portfolio into the Strategic Grade and Space-Qualified markets."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.