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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.