WASHINGTON (dpa-AFX) - L3Harris Technologies, Inc. (LHX) announced on Monday that it has completed the sale of its Aerojet Ordnance Tennessee Inc., also known as A.O.T. business, to BWX Technologies (BWXT) for around $100 million.
The company stated that the sale is part of its strategy to improve its portfolio over several years.
Tennessee-based A.O.T., which employs less than 100 staff, exclusively supplies depleted uranium materials to the U.S. government and produces advanced metal components for defense, aerospace, and commercial use.
In pre-market activity on the NYSE, the shares of LHX are trading at $210.04, up 0.14%, and those of BWXT are at $115.01, up 1.33%.
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