A: Per our public announcement of the merger, L3 shareholders will receive a fixed exchange ratio of 1.3 shares of Harris common stock for each share of L3 common stock, consistent with the 60-trading-day average exchange ratio of the two companies. On Friday – the last day of trading for the two companies’ individual stocks – L3’s shares closed at $245.17, and Harris’ closed at $189.13. The shareholders of Harris Corporation and the shareholders of L3 Technologies have approved the merger. Regulators approve merger of Harris, L3; deal to close June 29. L3Harris celebrates National Engineers Week (EWeek), recognizing and celebrating the achievements of our 20,000 engineers and scientists. Chris, you called this an … Defense News spoke to Kubasik and Bill Brown, the CEO of Harris, to find out more about the newly rechristened L3 Harris Technologies. These engineers pave the way for L3Harris to make lasting impacts in the field and the world – inspiring future innovators. Harris Corporation (NYSE:HRS) and L3 Technologies (NYSE:LLL) announced that they have received the necessary regulatory approvals for their all-stock merger and have set a closing date of June 29, 2019. Harris is in a transition period and expanding through mergers and acquisitions. Q: What happens to Harris and L3 Shares? They have set June 29 as the closing date for the merger. The IT infrastructure is current and evolving however each major merger brings with it an entire IT staff that needs to be re-organized. Harris Corporation (NYSE:HRS) and L3 Technologies, Inc. (NYSE:LLL) have agreed to combine in an all stock merger of equals to create a global defense technology leader, focused on developing differentiated and mission critical solutions for customers around the world. Long term employees are kept but are very unhappy. L3's merger with Harris will catapult the combination into the top tier of military contractors. Job security at Harris for contracting employees is no longer stable. Satellite Transmission Systems, best job in the world, but unfortunaely again there was an acquisition by L3 Senior Buyer (Former Employee) - Hauppauge, NY - April 9, 2017 L-3 … Since the merger was initially announced, the stock price for both Harris and L3 had surged more than 45% on the New York Stock Exchange.

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