Viasat Inc, a global leader in satellite communications, has completed the sale of its Link 16 Tactical Data Links (TDL) business to L3Harris Technologies for approximately $1.96 billion in cash. Viasat expects the net proceeds from the sale to be approximately $1.8 billion after estimated taxes, fees, and other expenses. Furthermore, Viasat intends to use the proceeds to reduce net leverage and increase liquidity.
