Harris Corporation and L3 Technologies to Combine in Merger of Equals to Create a Global Defense Technology Leader
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Melbourne-based Harris Corporation and New York City-based L3 Technologies have agreed to merge in an all stock deal, creating a $33.5 billion military technology company. The merger makes the combined company, L3 Harris Technologies Inc., the 6th largest defense company in the U.S. and a top 10 defense company globally. The company will have approximately 48,000 employees in over 100 countries, and will headquartered in Melbourne. The deal is expected to close next year, pending a review by the Defense Department.