L3Harris Completes Acquisition of Viasat's Tactical Data Link Business for $1.96 Billion 
<p><a href='https://financialmodelingprep.com/financial-summary/LHX'>L3Harris Technologies (NYSE:LHX)</a> announced that it has closed the acquisition of Viasat's Tactical Data Link, or Link 16 business for $1.96 billion. </p>
<p>The business generated approximately $400 million in revenues and $125 million in adjusted EBITDA for the 12 months ended June 30, 2022. Analysts at RBC Capital view the acquisition as positive, and like the increased M&A focus considering the strong defense fundamentals. The analysts reiterated their Outperform rating and $268 price target on the company’s shares.</p>

NYSE:LHX