# Harris Corporation and L3 Technologies to merge in all-stock deal

Harris Corporation and L3 Technologies agreed to combine in an all-stock merger of equals to form L3 Harris Technologies, a global defense technology leader. Harris shareholders will own 54% and L3 shareholders 46% of the combined company, which expects $16 billion in revenue for 2018.

- Type: Acquisition
- Announced: 2018-10-14
- Where: United States
- Status: announced
- Products: defense technology, mission critical solutions
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md), [Aerospace Components](https://endata.com/sectors/aerospace-components.md)

## Companies

- [Harris Corporation](https://endata.com/companies/18336.md) (acquirer)
- [L3 Technologies](https://endata.com/companies/27875.md) (target)

## Sources

- [businesswire.com](https://www.businesswire.com/news/home/20181014005036/en/Harris-Corporation-L3-Technologies-Combine-Merger-Equals), 2018-10-14: "This transaction extends our position as a premier global defense technology company that unlocks additional growth opportunities and generates value for our customers, employees and shareholders."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.