L3Harris Technologies completed the acquisition of the Link 16 Tactical Data Links business of Viasat for $2bn.

L3Harris Technologies, an American technology company, defense contractor, and information technology services provider, completed the acquisition of the Link 16 Tactical Data Links business of Viasat, a satellite communications company, for $2bn. "This transaction will transform our balance sheet, reduce cash interest obligations, and sharpen strategic focus while enabling continued growth opportunities for the Link 16 business and assuring our customers of a competitive, innovative and reliable source for their future needs. The Link 16 Tactical Data Links business has been an important contributor to Viasat's growth and earnings and the transaction recognizes the value created by our outstanding team. L3Harris has been a long-time Link 16 strategic partner and has a portfolio that will benefit significantly from these capabilities. Looking ahead, the ViaSat-3 constellation and the Inmarsat acquisition both create greater forward-looking government systems growth opportunities in space-based businesses with more R&D, capital and operational synergies," Mark Dankberg, Viasat CEO and Chairman of the Board.