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American Holoptics Completes EOTech Business Buy – GovCon Wire - GovConWire

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American Holoptics Completes EOTech Business Buy

American Holoptics

Koucar Management’s American Holoptics subsidiary has completed its acquisition of a L3Harris Technologies  (NYSE: LHX) business unit that manufactures electro-optical systems intended for military, law enforcement and commercial applications.

L3Harris first announced its EOTech business sale transaction in March and the defense company said Friday the annual revenue of its now-former unit is approximately $60M.

Investment bank Houlihan Lokey advised L3Harris on the financial aspects of the transaction.

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L3Harris

L3Harris Technologies (NYSE: LHX) has received a three-year, $104M contract to provide onboard jammer systems and weapons replacement assemblies to the U.S. Navy. The company will produce 35 lot 17 Integrated Defensive Electronic Countermeasures OBJs and 27 WRAs under the firm-fixed-price, cost-plus-fixed-fee contract, the Department of Defense said Friday.

Will Roper Assistant Secretary US Air Force

The U.S. Air Force has awarded an additional eight spots on a potential five-year, $950M contract to develop and operate across ground, air, sea, space, electromagnetic spectrum and cyber domains in support of the Joint All Domain Command and Control program.

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