L3Harris Technologies buys Viasat's Link 16 tactical data links business for $1.96B

Viasat announced today that it has agreed to sell its Link 16 tactical data links business to L3Harris Technologies for $1.96 billion.

"The sale is expected to result in cash proceeds to Viasat of approximately $1.8 billion net after estimated taxes, fees, and other expenses," the company said in a statement.

The sale of the business includes the Multifunctional Information Distribution System (MIDS) platforms and associated next-generation Link 16 terminals and handheld radios, as well as the Link 16 to space business, according to Viasat.

The Link 16 TDL business had revenue of approximately $400 million for the year ending on June 30, 2022, the company said.