Harris divests government IT services business
Harris Corporation is selling its government IT services business to an affiliate of Veritas Capital under a definitive agreement announced on 27 January.
Harris’ government IT business provides IT and engineering managed services to US government agencies, including supporting NASA’s Space Communications Network and Deep Space Network programmes; and operates within the company’s critical networks segment.
The transaction is subject to regulatory review and other customary closing conditions and is expected to close before the end of fiscal 2017.
William M Brown, chairman, president and chief executive officer, said: ‘Today’s announced divestiture, coupled with the recent sale of CapRock, reflects our strategy of optimising the business portfolio to create shareholder value.
‘These divestitures sharpen Harris’ focus on growing core franchises where technology is a key differentiator, providing compelling value to our customers.’
Harris’ air traffic management franchise is not part of the divestiture, and will now operate as part of the company’s electronic systems segment. As a result, Harris will have three business segments with no changes to its communication systems or space and intelligence systems segments.
More from Digital Battlespace
-
![Northrop Grumman hones US Space Force satellite design in virtual environment]()
Northrop Grumman hones US Space Force satellite design in virtual environment
The company has applied its Highly Immersive Virtual Environment technology to the design process of polar overwatch satellites ordered by the US Space Force.
-
![Northrop Grumman joins USAF effort to build digital network backbone]()
Northrop Grumman joins USAF effort to build digital network backbone
The company will join Phase 1 of the Common Tactical Edge Network effort to enable Joint All-Domain Command and Control (JADC2).
-
![Raytheon satellite network will help track hypersonic threats]()
Raytheon satellite network will help track hypersonic threats
Raytheon Technologies has received an award worth over $250 million to design, develop and deliver a seven-vehicle networked missile tracking satellite constellation from the US Space Development …
-
![Australia's C4i secures Asia-Pacific air defence voice comms contract]()
Australia's C4i secures Asia-Pacific air defence voice comms contract
Frequentis Group's Australian subsidiary C4i has been awarded a contract to provide a VOIP communications control system to enhance a major Asia-Pacific national air defence network.
-
![Ukraine adds automated wide-area reconnaissance system]()
Ukraine adds automated wide-area reconnaissance system
Rheinmetall and DefSecIntel of Estonia are supplying a number of mast-mounted mobile surveillance systems for use in Ukraine.
