# TJC to acquire L3Harris' Commercial Aviation Solutions for $700M

An affiliate of TJC, L.P. entered a definitive agreement to acquire L3Harris Technologies' Commercial Aviation Solutions business for $700 million, plus up to $100 million contingent earnout. The transaction is expected to close in the first half of 2024.

- Type: Acquisition
- Announced: 2023-11-27
- Where: Melbourne, Florida, United States
- Value: $700.0M
- Jobs: 1,450
- Status: announced
- Products: avionics products, aircraft training solutions
- Sectors: [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [L3Harris Technologies](https://endata.com/companies/40361.md)
- [TJC, L.P.](https://endata.com/companies/13470.md) (acquirer)
- [L3Harris Technologies](https://endata.com/companies/40361.md) (target)

## Sources

- [airframer.com](https://www.airframer.com/news/release/tjc-agrees-to-acquire-l3harris-commercial-aviation-solutions-business-2), 2023-11-27: "L3Harris’ CAS business is a global leader with a long history of providing highly engineered products at the intersection of data, communications and safety."
- [reuters.com](https://www.reuters.com/markets/deals/l3harris-sell-its-commercial-aviation-solutions-business-800-mln-2023-11-27/), 2023-11-27: "L3Harris Technologies is selling its commercial aviation solutions business to private equity firm TJC L.P. for $800 million, the defense company said on Monday."
- [flightplan.forecastinternational.com](https://flightplan.forecastinternational.com/2023/11/27/l3harris-to-sell-commercial-aviation-solutions-unit-to-tjc-for-800-million/), 2023-11-27: "Today's announcement is consistent with our multi-year strategy to optimize our national security, technology-focused portfolio."
- [l3harris.com](https://www.l3harris.com/newsroom/press-release/2023/11/l3harris-announces-definitive-agreement-commercial-aviation-solutions), 2023-11-27: "L3Harris Technologies today announced the signing of a definitive agreement under which an affiliate of TJC L.P. will acquire L3Harris’ Commercial Aviation Solutions (CAS) business for $800 million."

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