L3Harris Technologies merger (2019)
L3 Technologies spun off into a subsidiary that merged with Harris Corporation in a Reverse Morris Trust deal. L3 shareholders received shares in the combined defense contractor, and the deal was structured to avoid capital gains taxes.
The combined L3Harris became one of the largest defense electronics firms, with L3 shareholders owning about 46% of the merged company.
The deal became a template for tax-efficient defense sector consolidation and is often cited in later Reverse Morris Trust transactions.
L3Harris is one of the most prominent Reverse Morris Trust mergers of the past decade and mirrors the structure Modine used to combine Performance Technologies with Gentherm.
