Harris Corp. has received a $21 million order from a Latin American nation for Falcon III® tactical radios that will be used to establish high data rate networks as part of a military communications modernization program.
Harris Corp. has received a $97 million order to provide the U.S. Naval Air Systems Command with self protection jammers for the integrated defensive electronic countermeasures (IDECM) program. The order was received during the fourth quarter of Harris' fiscal 2015.
Harris Corp. has received a $36 million order from the United States Marine Corps (USMC) to supply Harris Falcon III® AN/PRC-117G multiband networking manpack radios that will enhance and extend voice and data connectivity down to the squad level.
Harris Corp. completed its previously announced acquisition of Exelis Inc. Each outstanding share of Exelis common stock converted into the right to receive $16.625 in cash and 0.1025 of a share of Harris common stock. Harris shareholders own 85 percent of the combined company and Exelis shareholders own 15 percent.
Harris Corp. has been awarded a 10-year (5-year base, 5 option years) $3.9 billion ceiling, multi-award IDIQ contract from the U.S. Army for rifleman radios and associated services under the Joint Tactical Radio System (JTRS) Handheld, Manpack and Small-form Fit (HMS) program.
Harris Corp. and Exelis, Inc. announced a definitive agreement under which Harris will acquire Exelis in a cash and stock transaction valued at $23.75 per share, or an approximately $4.75 billion enterprise value. The agreement has been unanimously approved by the boards of directors of both companies. The transaction is expected to close in June 2015 and is subject to customary closing conditions, including regulatory and Exelis shareholder approval.
Harris Corp. has received an $18 million order from a nation in Central Asia for Falcon III® wideband tactical radios. The radios will provide advanced voice and data capabilities for the country’s armed forces on the frontline.