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Business
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| No Sale for Harris |
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6.06.2008
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Harris Corp. isn’t for sale, it said this week.
The company — parent of Harris Broadcast, and a large defense communications and information technology supplier — made that clear when Chairman, President and Chief Executive Howard Lance spoke to Reuters Monday.
“Harris is not pursuing any transaction,” he said, adding that Harris did not initiate a process to sell, despite media reports and speculation that it was looking for a buyer, the news agency reported.
“The whole area of communications and IT is going to continue to be a very good place to be,” he was quoted as saying. “I just don’t think we’re serving a market that overnight is going to dry up and go away.”
The company’s annual revenue is more than $5 billion; it has 16,000 employees.
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