вЂњTheД¬ombination of the two companiesвЂ™ highly complementary core franchises creates a competitively stronger company with significantly greater scale. Our legacy began with ITT, evolved into the digital realm with Exelis in the 21st century and continues today at Elbit Systems of America - Night Vision. The combination would give Harris Corp., a maker of military radios and. It might be a great deal for Harris, but it also says some great things about the current state of the market. Brown, chief executive of Harris, said in a statement. to Buy Exelis for 4.56 Billion Deal Could Trigger Further Consolidation Among Mid-Size Defense Contractors. The RO tactical radio, based on Exelis AssuredReach technology, goes to extremes to provide on-the-move (OTM), over-the-horizon (OTH) secure voice, data, and position location information in a ruggedized, field-proven handheld communications device. Harris plans to buy Exelis for 4.75 billion in a deal that it says is transformational. вЂњAcquiring Exelis is transformational for Harris,вЂќ William M. Shareholders of Exelis would receive $16.625 in cash and 0.1025 of a share of Harris common stock for each of their shares, which amounts to about $23.75 a share. Its products include navigation equipment, sensors and air traffic management and communications systems for aerospace and defense. (NYSE: XLS) announced today that its shareholders approved the merger agreement providing for the acquisition of Exelis by Harris Corporation during its special meeting of shareholders held today. The Harris Corporation, which makes satellite and other communicationsД®quipment for businesses and governments, said on Friday that it had agreed to acquire Exelis for $4.7 billion in cash and stock.Д®xelis, which makes a range of technology and surveillance products, was spun off from the ITT Corporation in 2011. Exelis shareholders approve acquisition by Harris Corporation: Exelis Inc. Together, the defense contractors Harris and Exelis have more than $8 billion in annual sales and 23,000 employees. HARRIS Geospatial Solutions ( Exelis Visual Information Solutions Ltd) is an industry leading developer of image analysis and data visualization software.

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