Harris Corp.says it isn't looking to sell or combine the company with another, despite recent market rumors and reports.
Chairman, President and Chief Executive Howard Lance said Monday in a statement that he and the board of directors have "great confidence" in the company.
Last month, media reports said the Melbourne-based communications and information technology company was entertaining takeover bids but then said they were coming in lower than expected.
Lance says Harris is focused on continuing its growth.
The company said it would not make any further statements responding to market rumors or speculation.