Kanders & Company, Inc. entered into an agreement to acquire Non-Core Assets of L3Harris Technologies, Inc. (NYSE:LHX) for $200 million on April 5, 2024. The transaction is made up of $175 million of cash at closing and a $25 million seller note. The transaction is subject to customary closing conditions and regulatory approvals.

The transaction is expected to close this quarter. Carl Marcellino and Milap Patel of Ropes & Gray acted as legal advisor to Kanders & Company.