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L3Harris Applied sciences (NYSE:LHX) is close to a deal to purchase the Hyperlink 16 army communications unit from Viasat (NASDAQ:VSAT) for practically $2B, The Wall Avenue Journal reported Sunday night time.
The Hyperlink 16 Tactical Information Hyperlinks enterprise belongs to Viasat’s (VSAT) authorities programs phase, and is a part of an built-in community of army plane, floor vessels, floor automobiles and bases designed to securely share voice-and-data communications.
The Hyperlink 16 unit accounts for round a 3rd of Viasat’s (VSAT) authorities enterprise, in line with WSJ, which additionally stated Viasat plans to make use of proceeds from the deal to pay down debt.
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