Harris Corporation has announced its decision to divest its Broadcast Communications business as this division is no longer aligned with the companys core business and strategy. In a statement released to the press, Harris Moris, president of the Broadcast Communications Division said: Harris has supported us by investing in our business, allowing us to develop […]
Harris Corporation has announced its decision to divest its Broadcast Communications business as this division is no longer aligned with the companys core business and strategy.
In a statement released to the press, Harris Moris, president of the Broadcast Communications Division said: Harris has supported us by investing in our business, allowing us to develop some of the markets most innovative, solution-based technologies. However, over time, Broadcast Communications has become less aligned with the Harris core businesses and long term strategy.
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.
He added that Harris determined that Broadcast Communications could provide higher value and operate more effectively under a different ownership model.
In the interim, Broadcast Communications will continue to be a part of Harris Corporation and operate business as usual.
Our valued relationships, both longstanding and new, remain our top priority. The global team will continue to work diligently to ensure our commitment to our customers and partners remains steadfast, he added.
