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In 1983, Harris acquired Lanier Business Products, Inc., a dictation, word processing and computer company based in Atlanta, Georgia. By the start of the 1990s, Lanier accounted for about 1/3 of Harris Corporation's revenues. In 1998, Harris spun Lanier back off as a publicly-traded company, but also saddled it with over $700 million in debt. [13]
In October 2018, L3 announced an all-stock "merger of equals" with Florida-based Harris Corporation, to be closed (subject to approvals) in mid-2019. [23] The merger was completed on June 29, 2019, and the new company, L3Harris Technologies, Inc., is based in Melbourne, Florida, where Harris was headquartered. [4]
The previous Intersil was formed in August 1999 through the acquisition of the semiconductor business of Harris Corporation. [ 3 ] [ 4 ] [ 5 ] Intersil is a power management IC business, with specialized capability in power management and precision analog technology for applications in industrial, infrastructure, mobile, automotive and aerospace.
Is Harris Corporation (NYSE:HRS) […] We at Insider Monkey have gone over 700 13F filings that hedge funds and prominent investors are required to file by the SEC. The 13F filings show the funds ...
Harris Corporation (HRS) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well. Why Harris Corporation (HRS) Stock Might be a Great Pick ...
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L3Harris Technologies, Inc. is an American technology company, defense contractor, and information technology services provider that produces products for command and control systems, wireless equipment, tactical radios, avionics and electronic systems, night vision equipment, intelligence, surveillance and reconnaissance systems and products, ocean systems, instrumentation, navigation ...
Investors seeking to preserve capital in a volatile environment might consider large-cap stocks such as Harris Corporation (NYSE:HRS) a safer option. Doing business globally, large caps tend to ...