L3Harris Technologies Signs Definitive Agreement to Sell EOTech to an Affiliate of Koucar Management

Date Announced: 24 Mar 2020

Division makes holographic sighting systems for military and commercial applications.

MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) today announced 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. EOTechInc.com.

The transaction is expected to close in mid-2020 and is conditioned on customary closing conditions.

About American Holoptics

American Holoptics LLC is a privately held U.S. company. The company is a subsidiary of Koucar Management, whose strategic acquisitions of Elite Defense and HEL Technologies represent a solid foundation of cutting-edge optical science and weapons systems distribution. The American Holoptics leadership team has exceptionally broad and deep experience providing high-quality products to the global weapons accessory market. In addition, this team has a proven track record of building customer-first and technology-focused organizations.

Source: L3Harris Technologies

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Web Site: www.EOTechInc.com