April 24, 2015
Harris may be hungry for more M&A after Exelis deal closes
The acquisition of Exelis Inc. could be just one major step in a broader M&A strategy by Harris Corp. to compete more directly with the upper echelon of Pentagon companies.
That’s according to a new report from Moody’s Investors Service, which says the Melbourne, Florida-based Harris (NYSE: HRS) is likely to make more buys after the Exelis (NYSE: XLS) acquisition closes, likely in June.
Moody’s says the planned acquisition of Exelis— as well as prior deals for CapRock Communications and Schlumberger’s…
The New York State Office of Parks, Recreation and Historic Preservation flipped the switch Friday on a $90,000, 50-kilowatt solar photovoltaic system designed to save the park $9,100 annually.
Fairfax County earned a big win on Thursday as Northern Virginia’s transportation funding panel added three county road projects to the list of those initiatives that will receive money over the next two years.
The number of employed residents in the Washington region increased 1 percent, or by 30,220 residents, between February 2014 and February 2015. The largest growth occurred in the District, which increased 3.7 percent, or by 12,564 residents, during that time. Charles County gained 1,310 employed residents for an increase of 1.8 percent and had the second highest growth rate of the jurisdictions in our region. Prince George’s County grew by 1.7 percent and added 7,650 employed residents between…
The Obama administration’s love of Silicon Valley apparently continues, with top tech executives in the White House reportedly planning to head there in May to meet with companies.