L3Harris CEO says Leidos divestiture is 'first and largest,' but not last

By Marjorie Censer / February 4, 2020 at 2:22 PM

The chief executive of L3Harris Technologies said the divestiture announced today is the largest the company is considering, but that more deals are coming.

Leidos and L3Harris announced this morning that Leidos has agreed to purchase L3Harris' airport security businesses for $1 billion.

In a call with analysts today, Bill Brown, L3Harris' CEO, said the company's "portfolio reshaping is ongoing."

Ultimately, he said, L3Harris could divest 8% to 10% of total company sales.

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