L3Harris says positioned to close Link 16 acquisition much earlier than expected

L3Harris Technologies (LHX) announced obtaining all regulatory approvals for its acquisition of the Tactical Data Link product line – commonly known as Link 16 – from Viasat (VSAT). The company announced the signing of a definitive agreement to acquire the TDL network on October 3, with the deal originally expected to close in the first half of 2023. With U.S. regulatory and allied partner approval now obtained, the deal is expected to close by January 3, 2023. The product line is comprised of nearly 450 employees and generates approximately $400M in annual sales. "We are in position to close this acquisition much earlier than expected, which means we can welcome our new employees and begin work even earlier on this important modernization effort. The team is excited to deliver advanced tactical data links for this broadly used network, which will give our warfighters distinct advantages in multiple domains," said Christopher Kubasik, L3Harris CEO and Chair.