Thread regarding L3Harris Technologies layoffs

L3Harris makes plans for divestitures

Four months out from the megamerger to create it, L3Harris Technologies sounds like it has made some decisions on which businesses to keep and those it will not.

During L3Harris’ third quarter earnings call Wednesday, CEO Bill Brown told investors the defense company has “begun marketing several businesses that we’ve assessed as non-core.”

Brown said it is an ongoing process and did not divulge much more than that, other than to say the “plan is to announce transactions as they occur and use the net proceeds to repurchase shares to offset dilution.”

Those potential sales, Brown told analysts, are part of L3Harris' work on "reshaping our portfolio to focus on high margin, high growth technology differentiated businesses where we can win and generate attractive returns."

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Post ID: @OP+11Sx6Irf

4 replies (most recent on top)

Seems pretty clear that the aircraft maintenance and upgrades business does not fit into the new LHX, even if profitable.

The question is, what OTHER businesses might be easily packaged up for sale?

Salt Lake?

Bueller?

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Post ID: @2uhg+11Sx6Irf

Looking at the 2nd and 3rd quarter results, Aviation Systems segment isn't doing so good. Space/Airborne and Comm. Systems segments are definitely the biggest moneymakers. Take a look at the org chart on the Nexus page, the divisions have been shuffled and grouped with others differently since it came out.

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Post ID: @1mgq+11Sx6Irf

about time! get rid of the deadwood

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Post ID: @ukr+11Sx6Irf

The goal is to turn a $40 billion business into a $12 billion business.

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Post ID: @ent+11Sx6Irf

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