Newsletter Subscription


Monday, May 29, 2017


Harris Completes Sale of its Government It Services Business to Veritas Capital

Harris Corporation (NYSE:HRS) has completed the previously announced sale of its government IT services business to Veritas Capital for $690 million in cash. Proceeds from the transaction will be used to support the company’s capital allocation strategy, including pension pre-funding and share repurchases.

The business, which was part of the former Critical Networks segment, provides IT and engineering managed services to U.S. government agencies, including supporting NASA’s Space Communications Network and Deep Space Network programs.


Source : Harris Corporation (NYSE: HRS) - view original press release

Published on ASDNews: Apr 28, 2017

 

Cyber Security for Defense Conference

Jun 26 - 28, 2017 - Washington, United States

Register More info


© 2004-2017 • ASDNews • be the first to know • contact usterms & conditionsprivacy policyadvertisingfaqs

zpsk