Exelis Inc.: Difference between revisions

In February 2015, Exelis announced that plans had been approved for the sale of the company through a cash/stock purchase to competitor [[Harris Corporation]].  The purchase price of 4.75 billion dollars was reported as being one of the highest such defense company purchases, since the Lockheed/Martin merger.  When finalized in June 2015, the purchase was expected to make Harris/Exelis one of the top 10 defense contractors in the United States.<ref>{{cite news|url=https://dealbook.nytimes.com/2015/02/06/harris-corporation-to-buy-defense-and-aerospace-contractor-exelis-for-4-7-billion/?_r=0|title=Harris Corporation to Buy Defense Contractor Exelis for $4.7 Billion|newspaper=[[The New York Times]]|date=6 February 2015 |access-date=2015-10-12}}</ref><ref>{{cite web|url=http://breakingdefense.com/2015/02/second-course-of-last-supper-harris-to-buy-exelis/ |title=Second Course Of Last Supper? Harris To Buy Exelis « Breaking Defense - Defense industry news, analysis and commentary |publisher=Breakingdefense.com |date=2015-02-06 |access-date=2015-10-12}}</ref>