L3Harris agrees to sell EOTech business

L3Harris Technologies said today it has agreed to sell its EOTech business to American Holoptics, an affiliate of Koucar Management.

"With annual revenues of approximately $60 million, EOTech manufactures holographic sighting systems, magnified field optics and accessories for military, law enforcement and commercial markets around the world," L3Harris said.

The company said the deal is expected to close in mid-2020.

This marks just the latest divestiture from L3Harris. Earlier this year, the company agreed to sell its security detection and automation business to Leidos and its applied kilovolts and analytical instrumentation business to Adaptas Solutions.