Harris to divest Broadcast Communications division

Harris to divest Broadcast Communications division
Published: 2 May 2012 - 7:01 a.m.
By: Jason Saundalkar

Harris Corporation is divesting its Broadcast Communications business, as a result of it being no longer aligned with the “core business and strategy” of the company as a whole.

In a personal message to the media from Harris Morris, President of the Broadcast Communications Division, Morris said, “Today, Harris announced its decision to divest the Broadcast Communications business. I fully support this decision and believe that the timing is right for both Harris and Broadcast Communications. Harris has supported us by investing in our business, allowing us to develop some of the market’s most innovative, solution-based technologies. However, over time Broadcast Communications has become less aligned with the Harris core businesses and long term strategy.”

Morris also added, “Operating independently or as part of a broadcast or media-focused enterprise will provide us with strategic investment, increased competitive flexibility, and customer focus to lead the continuing transformation in this competitive marketplace.”

In the interim the Broadcast Communications division will operate business as usual. Morris also explained in the letter that, “The decision to divest in no way reflects the quality of the work Broadcast Communications performed in support of our customers and our company. Harris simply determined that Broadcast Communications could provide higher value and operate more effectively under a different ownership model.”

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