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Harris Realigns Segments Following Exelis Acquisition

Cal Biesecker By
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Harris Realigns Segments Following Exelis Acquisition
Harris Corp. Chairman, President and CEO William Brown. Photo: Harris

A month after completing its $5 billion acquisition of defense company Exelis, Harris Corp. [HRS] on Wednesday said it is reorganizing into four business segments aimed at improving operational efficiencies and capturing synergies.“We combined Harris’ and Exelis’ top talent and technology to create four market-focused segments aligned with Harris’ strategic growth platforms,” William Brown, chairman, president and CEO of Harris, said in a statement. “Our new structure will help us improve our competitive position, increase efficiency, and capture synergies, while…

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