Copyright © 2026 Knight Sac Media. All rights reserved.https://www.siliconinvestor.com/subject.aspx?subjectid=16962Harris Corp is a diversified technology company with roughly equal interests in Communications, Semiconductors, Electronics and Office Equipment. Harris recently started a new business called Lanier Healthcare that provides information management systems to hospitals and clinics. Harris's semiconductor product line includes many chips used by the growing telecomunications and wireless industries. Harris semiconductor pioneered the chip manufacturing process known as dielectric isolation which permits much higher analog bandwidth than common bipolar isolation. This has given Harris a lead in RF and microwave chips needed for wireless communications. Harris is well positioned to capitalize on the introduction of digital TV as a major supplier of digital broadcast equipment. Digital TV is the most significant technology change to TV since the NTSC color TV standard was introduced more than 30 years ago. Digital TV will require a huge technology investment cycle lasting at least 5 years. This in and of itself should insure Harris a bright future. Like GE Harris sells a lot of technology to the US government in diverse areas including avionics, air traffic control and aerospace. Given all this why is the company selling for 15 times 1998 earnings (First Call) and less than its annual sales while GE is selling for 25 times 1998 earnings and 3 times annual sales? My answer is that Wall Street has yet to discover Harris. Note also that First Call projects a 12% long-term growth rate for both HRS and GE yet HRS is more likely than GE to acheive a higher growth rate in the next 5 years. The stock recently split 2 for 1 and has been in a solid uptrend since July 1996. I welcome your comments.https://www.siliconinvestor.com/images/Logo380x132.pnghttps://www.siliconinvestor.com/subject.aspx?subjectid=1696238013210Sr Khttps://www.siliconinvestor.com/readmsg.aspx?msgid=323406289/24/2019 3:40:02 PMSr K<span id="intelliTXT"><b>Harris Corporation and L3 Technologies to Combine in Merger of Equals<br></b><br>MELBOURNE, Fla. and NEW YORK, N.Y.<br><br>October 14, 2018<br><br>Combination creates a global defense technology leader with a broad portfolio of capabilities and increased scale to address evolving customer needsComplementary businesses with a shared culture of innovation and operational excellence to accelerate growth and improve margins$500M of annual gross pre-tax cost synergies in year 3; $300M net of savings returned to customersCash EPS accretive in first full year post close; targeting $3 billion in free cash flow by year 3Combined company to be named “L3 Harris Technologies” and headquartered in Melbourne, Florida<br><br>Harris Corporation (NYSE:HRS) and L3 Technologies, Inc. (NYSE:LLL) have agreed to combine in an all stock merger of equals to create a global defense technology leader, focused on developing differentiated and mission critical solutions for customers around the world. Under the terms of the merger agreement, which was unanimously approved by the boards of directors of both companies, L3 shareholders will receive a fixed exchange ratio of 1.30 shares of Harris common stock for each share of L3 common stock, consistent with the 60-trading day average exchange ratio of the two companies. Upon completion of the merger, Harris shareholders will own approximately 54 percent and L3 shareholders will own approximately 46 percent of the combined company on a fully diluted basis.<br><br>The combined company, L3 Harris Technologies, Inc., will be the 6th largest defense company in the U.S. and a top 10 defense company globally, with approximately 48,000 employees and customers in over 100 countries. For calendar year 2018, the combined company is expected to generate net revenue of approximately $16 billion, EBIT of $2.4 billion and free cash flow of $1.9 billion.<br><br>Harris Chairman, President and Chief Executive Officer, William M. Brown said, “This transaction extends our position as a premier global defense technology company that unlocks additional growth opportunities and generates value for our customers, employees and shareholders. Combining our complementary franchises and extensive technology portfolios will enable us to accelerate innovation to better serve our customers, deliver significant operating synergies and produce strong free cash flow, which we will deploy to drive shareholder value. Integration planning is already underway, and from our extensive experience with integration, we are confident in our ability to realize $500 million of annual gross cost synergies and $3 billion of free cash flow by year 3.”<br><br>L3 Chairman, President and Chief Executive Officer, Christopher E. Kubasik said, “This merger creates greater benefits and growth opportunities than either company could have achieved alone. The companies were on similar growth trajectories and this combination accelerates the journey to becoming a more agile, integrated and innovative non-traditional 6th Prime focused on investing in important, next-generation technologies. L3 Harris Technologies will possess a wealth of technologies and a talented and engaged workforce. By unleashing this potential, we will strengthen our core franchises, expand into new and adjacent markets and enhance our global presence.”<br><br>[more]</span>https://www.siliconinvestor.com/readmsg.aspx?msgid=3183547610/15/2018 12:44:50 AMSr K<span id="intelliTXT">WSJ<br><br>Harris and L3 Technologies are nearing an agreement to merge, a deal that would unite two big providers of defense communications and electronics with a combined market value of about $33.5 billion.</span>https://www.siliconinvestor.com/readmsg.aspx?msgid=3183376210/13/2018 11:38:58 AM