L3Harris completes Link 16 acquisition

By Defence Industry Europe

L3Harris Technologies announced closing its acquisition of Viasat Inc.’s Tactical Data Links product line – commonly known as Link 16 – for approximately USD 1.96 billion, subject to customary adjustments.

The Link 16 network is integrated on military aircraft, ground vehicles, surface vessels and operating bases, enabling warfighters across multiple domains to securely share voice and data communications.

Acquiring Viasat’s Link 16 product line, which includes its Link 16 space assets, allows L3Harris to expand resilient communication and networking capabilities to a larger user base, achieving broader end-to-end, sensor-to-shooter connectivity – from operators to platforms or weapons data links and beyond – across multiple domains.

The Link 16 business had approximately USD 400 million of revenue and an estimated USD 125 million of Adjusted EBITDA for the 12 months ended June 30, 2022, when burdened by the estimated amount of allocable overhead and corporate expenses expected approximately one year after closing, said Viasat.

“Completing the sale of the Link 16 TDL business to L3Harris supports our transition towards a greater focus on global satellite services. It also strengthens our balance sheet, and reduces net debt and interest expense – supporting our path to positive free cash flow,” said Mark Dankberg, CEO and Chairman of Viasat.

 

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