M&A Deal Summary

L3Harris Acquires The Orkand

On July 6, 2004, L3Harris acquired information technology company The Orkand for 66M USD

Acquisition Highlights
  • This is L3Harris’ 1st transaction in the Information Technology sector.
  • This is L3Harris’ 11th largest (disclosed) transaction.
  • This is L3Harris’ 11th transaction in the United States.
  • This is L3Harris’ 1st transaction in Virginia.

M&A Deal Summary

Date 2004-07-06
Target The Orkand
Sector Information Technology
Buyer(s) L3Harris
Deal Type Add-on Acquisition
Deal Value 66M USD

Target

The Orkand

Falls Church, Virginia, United States
The Orkand Corporation is headquartered in Falls Church, Virginia and has more than 1,000 employees operating in 22 U.S. states. The company provides information technology services under contracts with the Department of State, Department of Labor, Department of the Interior, Department of Health and Human Services, Department of Energy, and the U.S. Postal Service, among others.

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Buyer(S) 1

Buyer

L3Harris

Melbourne, Florida, United States

Category Company
Founded 1895
Sector Defense
Employees47,000
Revenue 19.4B USD (2023)
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 STATS #
Overall 12 of 30
Sector (Information Technology) 1 of 6
Type (Add-on Acquisition) 11 of 24
State (Virginia) 1 of 4
Country (United States) 11 of 27
Year (2004) 2 of 3
Size (of disclosed) 11 of 15
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-05-10 Harris Corp - Telecom Tools & Test Systems Product Line

Camarillo, California, United States

Harris Corp - Telecom Tools & Test Systems Product Line provides products for telecommunications maintenance and installation professionals. Located in Camarillo, California, the business employs approximately 100 people.

Sell $50M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2004-11-03 Encoda Systems

Denver, Colorado, United States

Encoda Systems, Inc. is a provider of proprietary software products and services that manage advertising and programming for use in the broadcast television, radio and cable industries.

Buy $340M