A MERGER OF GIANTS

October 15, 2018 – Harris Corporation and L3 Technologies, Inc. have agreed to combine in an all stock merger of equals to create a global defense technology leader. The combined company to be named L3 Harris Technologies, Inc., will be the 6th largest defense company in the U.S. and a top 10 defense company globally, with customers in over 100 countries. Increased scale will enable the combined company to be more cost competitive, expand capabilities to provide end-to-end solutions across air, sea, land, space and cyber, and enhance leadership in RF and spectrum technologies.

Both L3 and Harris are technology driven organizations with significant R&D investment and a current combined workforce of approximately 22,500 engineers and scientists. The combined company plans to accelerate investment in select technologies to expand leadership in key strategic domains including national security.

L3 Harris Technologies will be headquartered in Melbourne, Florida.

Source: Harris Corporation, October 14, 2018