US technology and defense giant L3Harris announced on March 31, 2025, that it has completed the sale of its Commercial Aviation Solutions (CAS) to private equity firm TJC (formerly known as The Jordan Company), for US$800 million.
The Commercial Aviation Solutions unit will now trade as a standalone business under the name “Acron Aviation”.
The spun-off business has two major areas of activity, one of which is the Avionics unit, which is perhaps the most well-known globally. The unit designs and produces avionics, communication, and navigation systems for both civilian and military aircraft.
The deal also includes a Commercial Training Solutions unit, which, as the name implies, offers a suite of training solutions and services for aviation professionals. This includes flight simulators, the related courseware and integrated programs to facilitate type rating and other qualifications.
The sale of Commercial Aviation Solutions to TJC was first announced in November 2023 and involved a $700 million upfront payment, and a $100 million add-on based on the achievement of certain business goals in 2024.
The new name “Acron”, which is borrowed from the Greek language and means “peak”, aims to highlight the company’s global leadership in these two core business areas.
