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Business/Financial

Harris, L3 Chiefs Don’t See Roadblocks To Closing Deal

By Cal Biesecker

Monday, October 15th, 2018

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Harris, L3 Chiefs Don’t See Roadblocks To Closing Deal

Christopher Kubasik, L3 Technologies Chairman, President and CEO. Photo: L3 Technologies

With just a “fraction” of their respective businesses overlapping, the corporate chiefs behind the largest defense merger ever don’t expect any major regulatory hurdles in combining Harris Corp. [HRS] and L3 Technologies [LLL] into a $16 billion-plus sixth prime contractor on schedule in mid-2019.“We do believe our businesses are complementary and we’ll go through a normal regulatory process,” said William Brown, chairman, president and CEO of Harris, adding, “I don’t expect any issue in consummating this transaction from any particular…

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