Friday, May 29, 2015

Harris Completes Acquisition of Excelis

Harris completed its previously announced acquisition of Exelis, which supplies solutions for the command, control, communications, computers, intelligence, surveillance and reconnaissance market. Excelis, which was previously part of ITT Corporation, serves  military, government and commercial customers in the United States and globally.


“The Exelis acquisition is transformative for our company and marks a major milestone in Harris’ 120-year history,” said William M. Brown, chairman, president and chief executive officer of Harris. “With about $8 billion in combined pro forma revenue, the acquisition creates significantly greater scale, bringing together two engineering-driven companies and workforces with similar cultures that value technology leadership. Together, the two companies’ complementary technologies and capabilities strengthen core franchises and provide new opportunities for innovation to solve our customers’ most complex challenges.”

http://www.harris.com

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