Sign In
Search
Business/Financial

Harris Selling Government IT Business To Private Equity Firm Veritas

Cal Biesecker By
SHARE:
Harris Selling Government IT Business To Private Equity Firm Veritas
Harris Corp. Chairman, President and CEO William Brown. Photo: Harris

Harris Corp. [HRS] on Friday said it has agreed to sell its $1 billion government information technology services business to the private equity firm Veritas Capital for $690 million in cash, a deal the company said allows it to focus on its core businesses.The company’s air traffic management business is not part of the sale and will now operate within the Electronic Systems segment.The acquisition is subject to regulatory approval and is expected to close in the second quarter of…

Subscriber-only content. Please log in below.

Not a subscriber or registered user yet?

Please contact us at clientservices@accessintel.com or call us at 888-707-5814 (Monday – Thursday 9:00 a.m. – 5:30 p.m. and Friday 9:00 a.m. – 3:00 p.m. ET.), to start a free trial, get pricing information, order a reprint, or post an article link on your website.

Recommended

Business/Financial

Pentagon Loaning $500 Million To Rare Earth Element Processing Company For Expansion

Business/Financial

Kongsberg Completes Acquisition Of Zone 5 Technologies

Business/Financial

Energy Fuels Gets DoD Investment To Expand Into Expand Rare Earth Supply Chains

Business/Financial

CSIS Releases Report On Rocket Motor Industrial Base Challenges And Opportunities

Trending

Defense Watch: Abrams Update, SSN-788 Ready, UAS and C-UAS News, FMS Deals
Air Force Examining Long-Term Buy Of 130 New Weapons Pylons For B-52Hs
General Atomics And Anduril Continue Into CCA EMD; Shield AI, Collins, And Anduril Picked For Mission Autonomy
Austria In Line For Potential $1.5 Billion Black Hawk Buy
Trump Leverages Defense Production Act To Boost Munitions Collaboration Within Industry

Congress Updates

Congress

Baldwin Concerned With Army’s JLTV ‘Mismanagement,’ Seeks Support For Marines’ Procurement Plans

Sen. Tammy Baldwin (D-Wis.) has raised concerns with the “Army’s mismanagement” of the Joint Light Tactical Vehicle (JLTV) program, and is seeking assurance that the Marine Corps can be supported […]

Congress

SASC Cites Concern With Army’s sUAS Approach, Seeks Info On Plans To Scale Fielding

Senate defense authorizers are seeking more info from the Army on its plans for scaling and deploying small drone capabilities citing concern with the service’s current “fragmented and insufficient” approach. […]

Navy/USMC

SASC Bill Would Raise Amphib Requirement To 33 Ships

The Senate Armed Services Committee’s (SASC) fiscal year 2027 defense policy bill adds new provisions that would raise the Navy and Marine Corps’ minimum requirement for amphibious warships and extend […]

Army

Army Plans To Initiate ISV-Heavy Competition Later This Year, Official Says

The Army is planning to initiate its competition to build the Infantry Squad Vehicle (ISV)-Heavy in the fourth quarter of this year, a senior acquisition official has said.  Jesse Tolleson, […]

The Force Multipliers

Force Multipliers

Michael DiOrio – Dataminr

Force Multipliers

Arne Brinck – Dark Wolf Solutions

Force Multipliers

Jags Kandasamy – Latent AI

Force Multipliers

Force Multipliers – Krista McKendree

Job Feed

Post a Job // Post a Resume