TJC to acquire Commercial Aviation Solutions from L3Harris Technologies for $800m.

TJC, a private equity firm, agreed to acquire Commercial Aviation Solutions, a route development advisors, from L3Harris Technologies, an American technology company, defense contractor and information technology services provider for $800m. "Today’s announcement is consistent with our multi-year strategy to optimize our national security, technology-focused portfolio. Aligned with our capital allocation priorities, we plan to use the proceeds from this transaction to repay debt, which will accelerate our timeline to reach our debt leverage objective,” Christopher E. Kubasik, L3Harris Chair and CEO.