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Add-on Acquisition • Information Technology

L3Harris Acquires Exelis

On February 6, 2015, L3Harris acquired information technology company Exelis for 4.8B USD

Acquisition Context
  • This is L3Harris’ 6th transaction in the Information Technology sector.
  • This is L3Harris’ largest (disclosed) transaction.
  • This is L3Harris’ 23rd transaction in the United States.
  • This is L3Harris’ 4th transaction in Virginia.

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M&A Deal Summary
Date February 6, 2015
Target Exelis
Sector Information Technology
Buyer(s) L3Harris
Deal Type Add-on Acquisition
Deal Value 4.8B USD
Advisor(s) J.P. Morgan Securities (Financial)
Jones Day (Legal)

Target Company

Exelis

McLean, Virginia, United States
Exelis, Inc. is a global aerospace, defense and information solutions company. Exelis is a provider in positioning and navigation, sensors, air traffic management solutions, image processing and distribution, communications and information systems, and focused on strategic growth in the areas of critical networks, ISR and analytics, electronic warfare and composite aerostructures.
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Buyer Overview 1

Buyer

L3Harris

Melbourne, Florida, United States
Category Company
Founded 1895
Sector Defense
Employees47,000
Revenue 21.3B USD (2024)
DESCRIPTION
Entrance to L3Harris' corporate headquarters in Melbourne, Florida.
Entrance to L3Harris' corporate headquarters in Melbourne, Florida.

L3 Harris is a producer of communications products, systems and services for global markets, including RF communications, integrated network solutions and government communications systems. L3Harris Technologies was founded in 1895 and is based in Melbourne, Florida.

Deal Context for Buyer #
Overall 26 of 30
Sector: Information Technology 6 of 6
Type: Add-on Acquisition 22 of 24
State: Virginia 4 of 4
Country: United States 23 of 27
Year: 2015 1 of 2
Size (of disclosed) 1 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2013-12-04 Imagine Communications

Plano, Texas, United States

Imagine Communications is a developer of advanced broadband video processing equipment. The company's technology enables on-demand, interactive and personalized television broadcasting for improved bandwidth, enhanced video quality, targeted ads and personalized audio. Imagine Communications was founded in 2005 and is based in Plano, Texas.

Sell -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-05-01 Harris - Composite Aero-Structures division

United States

Harris Corp. - Composite Aero-Structures division is a provider of advanced composite products primarily for airframe applications.

Buy -

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