Who bought Excelis?
the Harris Corporation
It was acquired by the Harris Corporation for $4.75 billion in 2015. Exelis Inc. Tysons Corner, Virginia, U.S.
When did ITT become exelis?
Exelis, itself a 2011 spinoff from ITT, in 2013 spun off its military and government services business focused on facilities management, logistics and network communications. The new, leaner Exelis focused on surveillance and intelligence solutions, and was billed as representing $3.4 billion in revenue.
What is exelis Chicago IL?
Exelis Inc. is a diversified, global aerospace, defense and information solutions company.
Is ITT part of l3harris?
In May 2015, Harris merged with Exelis — a company that itself had formed after a split of ITT Corp. The company spun off its information technology business in January 2017.
Who bought ITT?
On July 1, 2006, ITT Industries changed its name to ITT Corporation as a result of its shareholders vote on May 9, 2006. In 2011, ITT Corporation spun off two businesses. The defense business became Exelis, which was acquired by Harris in 2015; the water business became Xylem Inc.
Who owns L3Harris?
RENK AG acquired L3Harris’ Combat Propulsion Systems and related businesses for about $400 million in cash.
What does the L in L3 stand for?
L3 Technologies was originally named L-3 Communications for the last initials of its founders Frank Lanza, Robert LaPenta, and Lehman Brothers.
Is ITT still in business?
ITT Corporation, also called (until 1983) International Telephone And Telegraph Corporation, , former American telecommunications company that grew into a successful conglomerate corporation before its breakup in 1995.
What does the L3 in L3Harris mean?
It was formed from the merger of L3 Technologies (formerly L-3 Communications) and Harris Corporation on June 29, 2019, and was expected to be the sixth-largest defense contractor in the United States. L3Harris Technologies, Inc.
What does L3 stand for in L3Harris?
L3 Technologies
| Formerly | L-3 Communications Holdings |
|---|---|
| Successor | L3Harris Technologies |
| Headquarters | New York City, New York , United States |
| Area served | Worldwide |
| Key people | Michael T. Strianese (Chairman/C.E.O.) Christopher E. Kubasik (CEO and President) |
Does Raytheon own L3?
Training & Simulation Division of Raytheon Systems Co., based in Arlington, Texas. This company was formerly known as Hughes Training, Inc., and part of the Hughes Aircraft Defense Group purchased by Raytheon from General Motors two years earlier.
What happened to ITT Technical?
ITT Tech shut down in 2016 after being hit with a series of sanctions by the Obama administration. Under the new action, eligible borrowers will automatically get their loans cleared if they did not attend another college within three years of the school’s closure.
Is a ITT Tech diploma worthless?
Is it worthless? According to the U.S. Department of Education, it’s not! You still completed your degree at an operational institution, so nobody can take that away from you. But it’s unlikely you’ll be able to discharge your loans.
Is L3Harris a good stock to buy?
The 17 analysts offering 12-month price forecasts for L3harris Technologies Inc have a median target of 285.00, with a high estimate of 332.00 and a low estimate of 197.00. The median estimate represents a +19.45% increase from the last price of 238.59.
Does Boeing own Raytheon?
In June 2019, United Technologies announced the intention to merge with the Raytheon Company. The combined company, valued at more than $100 billion after planned spinoffs, would be the world’s second-largest aerospace-and-defense company by sales behind Boeing.
Is an ITT Tech degree worthless?