Harris Corporation, L3 Technologies to merge
Stockholders of Harris Corporation and L3 Technologies have approved the merger of the two companies.
The combined company will be called L3 Harris Technologies and will be focused on developing differentiated and mission critical defence solutions for customers around the world.
The merger is expected to close in mid-calendar year 2019, subject to satisfaction of customary closing conditions, including receipt of regulatory approvals.
Christopher Kubasik, chairman, chief executive officer and president, L3 Technologies, said: ‘Overall, integration planning is proceeding well as we prepare to capture operational synergies and establish a shared culture of innovation. The increased scale of L3 Harris will allow us to deliver comprehensive mission-critical solutions to our customers, while creating value for all of our stakeholders.’
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