Acquires Infrastructure Assets from Core180
Harris Corporation (NYSE:HRS), an international communications and information technology company, has acquired key infrastructure assets of the government business of Core180, Inc. Based in Fairfax, Virginia, Core180 is a telecom network integrator that provides wide area networks and management services to government agencies, large enterprises, telecom carriers and systems integrators. The acquired infrastructure will become part of Harris CapRock Communications, expanding the company’s terrestrial network infrastructure and its ability to offer fully managed, end-to-end communication services for both government and commercial customers.
Harris acquired Core180’s proprietary carrier agnostic Network as a Service (NaaS) platform, which enables customers to extend their networks without additional capital or operational expenses, providing more network choices while lowering upfront investments. The acquisition includes 50 highly skilled terrestrial networking experts based in Core180’s New York and Washington, DC-area offices, along with a 24x7 Customer Support Center used to monitor its extensive terrestrial infrastructure. Following the transaction, Core180 will continue to serve its commercial and government customers directly.
Harris CapRock Communications is a premier global provider of managed satellite and terrestrial communications solutions specifically for remote and harsh environments including the energy, government and maritime markets. Harris CapRock owns and operates a robust global infrastructure that includes five teleports, four 24 x 7 network operations centers, and eleven regional support centers, and over 150 in-house field service personnel supporting customer locations across North America, Central and South America, Europe, West Africa and Asia Pacific.
Harris (NYSE:HRS) is an international communications and information technology company serving government and commercial markets in more than 150 countries. Headquartered in Melbourne, Florida, the company has approximately $6 billion of annual revenue and more than 16,000 employees — including nearly 7,000 engineers and scientists. Harris is dedicated to developing best-in-class assured communications® products, systems, and services. Additional information about Harris Corporation is available at www.harris.com.
Statements in this press release that are not historical facts are forward-looking statements that reflect management’s current expectations, assumptions, and estimates of future performance and economic conditions. Such statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements in this release include but are not limited to: anticipated timing of the closing of the acquisition of CapRock and satisfaction of the conditions to closing, the impact of the acquisition on Harris earnings, and statements regarding outlook, including revenue and growth opportunities. The company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. The company’s consolidated results and the forward-looking statements could be affected by many factors, including but not limited to: the loss of our relationship with the U.S. government or a shift in U.S. government funding; potential changes in U.S. government or customer priorities; risks inherent with large long-term fixed-price contracts, particularly the ability to contain cost overruns; financial and government and regulatory risks relating to international sales and operations; our ability to continue to develop new products that achieve market acceptance; the consequences of future geo-political events; strategic acquisitions and the risks and uncertainties related thereto, including our ability to manage and integrate acquired businesses; performance of our subcontractors and suppliers; potential claims that we are infringing the intellectual property rights of third parties; the successful resolution of patent infringement claims and the ultimate outcome of other contingencies, litigation and legal matters; customer credit risk; risks inherent in developing new technologies; changes in our effective tax rate; the potential impact of natural disasters or other disruptions on our operations; changes in future business conditions that could cause business investments and/or recorded goodwill to become impaired; and the recession in the United States and general downturn in the global economy. Further information relating to factors that may impact the company’s results and forward-looking statements are disclosed in the company’s filings with the SEC. The forward-looking statements contained in this release are made as of the date of this release, and the company disclaims any intention or obligation, other than imposed by law, to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
