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acquisitionTYSONS CORNER, VA June 1, 2015 — GovCon Wire reported Friday on Harris (NYSE: HRS) completing its acquisition of Exelis for $4.75 billion.
Harris said Friday its shareholders own 85 percent and Exelis shareholders 15 percent of the combined firm.
William M. Brown, chairman, president and CEO of Harris, said the transaction is “transformative” for his company and brings together “complementary technologies” that work to strengthen the core businesses and encourage innovation.
Communications technology maker Harris announced February 6 its intent to purchase the defense electronics manufacturer.
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