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Exelis, Harris sign acquisition agreement

Exelis, Harris sign acquisition agreement

Melbourne, Florida-based Harris Corp. and information technology company and defense contractor rival Exelis Inc. have signed an acquisition agreement last week. The sale will amount to about $4.75 billion when complete, probably mid-year, said B.J. Talley, Exelis director of corporate communications. Together, Exelis and Harris generated a combined $8 billion in revenue last year. The Exelis Mission… Continue Reading Exelis, Harris sign acquisition agreement

Harris Corp. received the third-year option of its network and space operations and maintenance program by the U.S. Air Force, valued at $64 million. Under this option, Harris will continue to provide operations and maintenance to the 50th Space Wing’s Air Force Satellite Control Network based at Schriever Air Force Base. The initial contract for… Continue Reading Harris received third option on $416 million AF contract

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