February 9, 2015
Harris Corp. reviewing HQ location with Exelis acquisition
The acquisition of Exelis Inc. by Harris Corp. could have major implications for both the Greater Washington area and its home city in Melbourne — namely, a new headquarters for one of the biggest defense companies.
Harris (NYSE: HRS) confirmed that the integration of the two companies following the $4.75 billion deal will mean an evaluation of the best location for headquarters operations. Currently, Harris is located in Melbourne. Exelis (NYSE: XLS) is in McLean, Va.
“As part of our integration…