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Exelis Acquired by Harris in $4.6B Deal

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MELBOURNE, Fla., July 10, 2015 — Defense contractor Harris Corp. recently acquired Exelis Inc. of McLean, Va., in a deal worth $4.6 billion. "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," said Harris Chairman, President and CEO William M. Brown. Among other business interests, Exelis manufactures precision optics and optical systems for ground-, sea-, air-, and space-based platforms and systems. The company reported net income of...Read full article

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    Published: July 2015
    BusinessAmericasNew YorkRochesterExelisVirginiaFloridaHarrisdefenseWilliam M. BrownOpticsSensors & Detectors

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