• Defense contractors Harris, L3 Technologies to merge

    1 month ago - By Chron

    NEW YORK - Defense contractors Harris Corp. and L3 Technologies are combining to form one of the world's largest defense companies.
    The new company, L3 Harris Technologies Inc., will have annual sales of around $16 billion this year. That would make it the sixth-largest U.S. defense contractor and one of the top 10 globally.
    The company will employ 48,000 people and will have headquarters in Melbourne, Florida, where Harris is currently based. L3 is based in New York.
    The boards of both companies agreed to the all-stock merger.
    L3 and Harris are longtime competitors that make similar...
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  • L3 and Harris agree to merge, creating $33.5 billion military technology giant

    1 month ago - By Washington Post

    The two companies, which focus on networking and surveillance capabilities that are built into larger defense systems, took in a combined $8.3 billion from the federal government last year, making the combined company the seventh-largest recipient of 2017 U.S. contract dollars.
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  • L3 and Harris agree to merge, creating $33.5 billion military technology giant

    1 month ago - By Washington Post

    L3 Technologies and Harris Corporation have agreed to an all-stock deal valued at about $33.5 billion.
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