BWX Technologies last week completed its $100 million acquisition of a specialty materials business of L3Harris Technologies that is the sole provider of depleted uranium to the U.S. government, the companies said on Monday.
The deal for the L3Harris Aerojet Ordnance Tennessee (AOT) business was announced November.
The AOT business also provides tungsten, molybdenum, tantalum, rhenium, titanium, nickel, aluminum, copper, metal-matrix composites, metal polymer composites, reactive materials, and custom alloys used in defense, commercial, and space applications.
“The addition of AOT to BWXT’s Nuclear Operations Group underscores our commitment to enhancing and growing our special materials portfolio to better serve our customers,” Rex Geveden, president and CEO of BWXT, said in a statement.
The AOT unit has less than 100 employees and generated about $40 million in sales for the one-year period that ended last October.
The divestiture is part of what L3Harris calls its multi-year portfolio optimization strategy.
A version of this story first appeared in Exchange Monitor affiliate publication Defense Daily.