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  "documentTitle": "Leidos Holdings, Inc. (LDOS)",
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  "authorName": "Ben Axler",
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  "presentationDate": "2021-02-16 00:00:00",
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      "text": "L3 Harris Selling Gold At A Loss? Airport security and automation business... recognized a pre-tax loss of $26 million during the quarter ended July 3, 2020.",
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      "text": "On May 4, 2020, we completed the divestiture of the Security & Detection Systems and MacDonald Humfrey Automation solutions business (\"airport security and automation business\") to Leidos, Inc. for $ 1 billion (net cash proceeds of $ 950 million after selling costs and estimated purchase price adjustments), subject to final customary purchase price adjustments as set forth in the definitive sale agreement, and recognized a pre-tax loss of $26 million during the quarter ended July 3, 2020.",
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      "text": "It wasn't until three quarterly filings after L3Harris (LHX) announced the sale to Leidos that it reported selling the assets at a loss. So how great a business could it be if the prior owner couldn't realize a profit on selling it?",
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      "text": "Development and financial performance during the year: Group turnover of £82.4 million decreased by 10.0% and gross profit of £23.7 million decreased by 25.0%.",
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      "text": "\"On May 4, 2020, we completed the divestiture of the Security & Detection Systems and MacDonald Humfrey Automation solutions business (\"airport security and automation business\") to Leidos, Inc. for $ 1 billion (net cash proceeds of $ 950 million after selling costs and estimated purchase price adjustments), subject to final customary purchase price adjustments as set forth in the definitive sale agreement, and recognized a pre-tax loss of $26 million during the quarter ended July 3, 2020.\" — L3Harris Q1 2020 10-Q",
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      "text": "Source: Company Number 02263923",
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      "text": "L3Harris Automation Business In Trouble Selling To Leidos At A Loss...Even Before Things Got Really Bad...",
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