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Harris Corp

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  • Potential buyers include Boeing Co, Textron Inc, Airbus and BAE Systems and even Lockheed Martin Corp.. Chief Pentagon arms buyer Frank Kendall told UTC that the Defense Department would not object to a spinoff, a source told Reuters. A former defense official said the Pentagon would probably insist that Sikorsky was well capitalized to ensure its survival.

  • NEW YORK, March 10- U.S. aerospace company Exelis Inc is close to unveiling a low-altitude surveillance system for drones, the latest sign of how a "highway in the sky" is likely to evolve. But the National Aeronautics and Space Administration is working with Exelis and other companies, universities and government agencies, to develop an air traffic management...

  • Lockheed sees double-digit growth in cyber business Wednesday, 18 Feb 2015 | 8:37 PM ET

    WASHINGTON, Feb 18- Lockheed Martin Corp, the No. 1 provider of information technology to the U.S. government, said it expected double-digit growth in its overall cybersecurity business over the next three to five years, and even bigger gains in the commercial sector. Lockheed, also the Pentagon's biggest supplier, said it was making strong inroads in the...

  • *GoPro stumbles after results, COO resignation. NEW YORK, Feb 6- U.S. stocks advanced on Friday, after a stronger-than-expected monthly payrolls report lent weight to a belief that the U.S. "The wage growth appears to be the breakthrough that bulls were looking for to say the economy can actually be self sustaining," said Jack Ablin, chief investment officer at BMO...

  • *GoPro stumbles after results, COO resignation. NEW YORK, Feb 6- U.S. stocks were little changed shortly after the open on Friday, after a stronger-than-expected monthly payrolls report lent weight to a belief that the U.S. "It was decent, the revision was definitely good," said Scott Wren, senior global equity strategist at Wells Fargo Investment Institute in St....

  • *GoPro stumbles after results, COO resignation. NEW YORK, Feb 6- U.S. stocks were set to advance at the open on Friday, putting the S&P 500 on track to extend its best weekly gain in seven, after a stronger-than-expected monthly payrolls report. "It was decent, the revision was definitely good," said Scott Wren, senior global equity strategist at Wells Fargo Investment...

  • Feb 6- Harris Corp said it would buy Exelis Inc in a deal valued at about $4.75 billion, combining two big suppliers to the U.S. military at a time when the government is squeezing spending on defense. Exelis, spun off from ITT Corp in 2011, makes antennas for military aircraft, domes for Navy ships, sonar systems and GPS navigation systems. The total offer of $23.75 per...

  • Feb 6- Communications equipment maker Harris Corp said it would buy defense contractor Exelis Inc in a cash-and-stock deal valued at about $4.75 billion. The offer of $23.75 per share is a premium of about 34 percent to Exelis's Thursday close, and values the company at about $4.44 billion based on Exelis's shares outstanding as of Oct. 28. McLean, Virginia- based...

  • Feb 6- Communications equipment maker Harris Corp said it would buy defense contractor Exelis Inc in a cash-and-stock deal valued at about $4.75 billion. The offer of $23.75 per share is a premium of about 34 percent to Exelis's Thursday close, and values the company at about $4.44 billion based on Exelis's shares outstanding as of Oct. 28. Exelis makes...

  • Strange stock market trades confuse Wall Street Wednesday, 3 Dec 2014 | 12:00 AM ET
    Traders on the floor of the New York Stock Exchange.

    A strange series of very heavy trading has Wall Street traders scratching their heads.

  • How the SpaceX economy can make you money Monday, 25 Aug 2014 | 8:00 AM ET

    Spaceflight remains a dream for most stargazers, but everyone can buy a portfolio of stocks to invest in space travel of the future.

  • Early Movers: SIRI, AA, IBM, DELL, MSFT & More Tuesday, 9 Jul 2013 | 7:41 AM ET

    Some of the names on the move ahead of the open.

  • Cramer: This Defense Stock Not Like Others Tuesday, 18 Jun 2013 | 6:27 PM ET

    Not all defense contractors should be painted with the same brush. Not by a long shot.

  • Midday Movers: KBH, ABX & More Friday, 12 Apr 2013 | 12:58 PM ET

    Take a look at some of Friday's midday movers:

  • Early Movers: JPM, GPS, HD & More Friday, 12 Apr 2013 | 8:28 AM ET

    Some of the names on the move ahead of the open.

  • Harris shares fall after Lazard downgrade Monday, 15 Oct 2012 | 2:16 PM ET

    Harris Corp.' s shares fell in trading Monday after a Lazard Capital Markets analyst downgraded his rating on the communication and information technology company's stock, citing worries about weaker revenue.

  • Quest Diagnostics cutting 400 to 600 jobs Thursday, 11 Oct 2012 | 5:38 PM ET

    MADISON, N.J.-- Medical laboratory operator Quest Diagnostics Inc. said Thursday it will cut 400 to 600 management positions and reorganize its business. Quest expects to take $15 million to $20 million in charges associated with the restructuring and job cuts.

  • *Says established a new $1 billion five-year senior unsecured revolving credit. *Says new credit facility replaces harris' prior $750 million five-year senior. syndicate of lenders- SEC filing.

  • WASHINGTON, Oct 2- Tighter military budgets in the United States and Europe reduced the revenues of top weapons makers by one percent in the first half of the year and are likely to continue to depress sales in the full year, a new study by Deloitte LLC showed.

  • Sell in May? History Says Not This Year Monday, 30 Apr 2012 | 1:25 PM ET

    You know the axiom, sell in May and go away. But if history is any indication, that’s not going to be the case this year.