L3Harris Technologies of Melbourne, FL announced on March 24 the signing of a definitive agreement under which American Holoptics, an affiliate of Koucar Management, will acquire the EOTech business.
With annual revenues of approximately $60 million, EOTech manufactures holographic sighting systems, magnified field optics and accessories for military, law enforcement and commercial markets around the world.
The transaction is expected to close in mid-2020 and is conditioned on customary closing conditions.
Source: L3Harris
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