Harris Corporation and L3 Technologies have completed the all-stock merger between the two companies. The combined company is called L3Harris Technologies, and it will be the sixth largest defense company in the U.S.
The new company will have approximately $17 billion in revenue and 50,000 employees.
The company announced on Monday that it has organized its businesses into four segments including Integrated Mission Systems, Space and Airborne Systems, Communication Systems, and Aviation Systems.
The Communication Systems Division will be led by Dana Mehnert, and it will be headquartered in Rochester.
Harris has more than 3,500 employees in the Rochester area in the Communications segment and the Space and Intelligent Systems business. There are nearly 200 employees who work for L3 Technologies in Victor.
Last fall, Senator Chuck Schumer said that he had talked with Harris CEO William Brown and the senator said that Brown told him he was committed to keeping the number of employees now employed by Harris in the Rochester area with the possibility that number will grow.
With the new management structure, Brown will serve as Chairman and CEO of L3 Harris, with Christopher Kubasik serving at Vice Chairman, President and COO.
The plan, as outlined last year, would see Brown serving as Chairman and CEO for the first two years; after that, Brown would become Executive Chairman and Kubasik becomes Chairman and CEO. Following that time, Kubasik becomes both Chairman and CEO.
L3Harris Technologies will trade on the NYSE under the ticker symbol ‘LHX.’
