GE, Transdigm and CVC Said to Weigh Bids for L3Harris Unit (1)

General Electric Co.’s aerospace unit, Transdigm Group Inc. and CVC Capital Partners are among potential suitors for the avionics business being sold by L3Harris Technologies Inc., people with knowledge of the matter said.

The unit could also attract interest from investment firms including Arcline Investment Management ahead of the mid-August bidding deadline, according to the people, who asked not to be identified discussing confidential information.

Bloomberg News reported in July that the aerospace and defense company is working with an adviser to explore a sale of its avionics business, which could fetch about $1 billion based on typical ...