Harris and L3 Technologies to combine in merger of equals

October 14, 2018 at 1:15 PM
Harris and L3 Technologies said today they have agreed to combine in an all-stock merger to create a defense contractor with about $16 billion in annual sales and about 48,000 employees. The proposed deal marks one of the most significant transactions of what has been a busy period of consolidation. In recent months, Northrop Grumman has closed its acquisition of Orbital ATK , while Science Applications International Corp. has announced its plan to acquire Engility . Earlier this year, General...

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