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L3Harris to Buy Viasat’s Data Links Unit for $1.96 Billion

A Viasat satellite dish outside a home in Madison, Virginia.
A Viasat satellite dish outside a home in Madison, Virginia.Photographer: Al Drago/Bloomberg
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Viasat Inc. shares jumped after L3Harris Technologies Inc. agreed to buy its tactical data links division for about $1.96 billion to beef up its military communications business.

The Viasat unit has 450 employees and generates about $400 million in annual sales, the companies said Monday. The deal is expected to close in the first half of 2023.