Critical communications and aerospace/defense company Harris and aerospace and defense company L3 Technologies plan to merge their businesses and create a new company that will be the sixth-largest aerospace, defense and critical communications contractor in the world.
The transaction is expected to close in mid-2019; the new company, L3 Harris Technologies, will be headquartered in Melbourne, Florida, where Harris is currently headquartered.
The two companies are describing the proposed transaction as a “merger of equals” that are highly complementary to each other.
