Harris purchases Orkand

Harris Corp. inked an agreement to buy Orkand Corp., a privately owned IT provider for federal agencies, for $66 million in an all-cash deal.

Regulators must approve the transaction, which is expected to close before the end of Harris' fiscal year July 2.

Orkand of Falls Church, Va., had $80 million in revenue for the 12 months that ended in March. Its federal clients include the departments of Energy, Health and Human Services, Interior, Labor and State and the U.S. Postal Service.

Harris of Melbourne, Fla., had 2003 revenue of $2.1 billion.

 

Reader Comments

Please post your comments here. Comments are moderated, so they may not appear immediately after submitting. We will not post comments that we consider abusive or off-topic.

Please type the letters/numbers you see above

What is your e-mail address?

My e-mail address is:

Do you have a password?

Forgot your password? Click here
close
SEARCH
 Top 100 Slideshow
contracts DB

Trending

  • Dive into our Contract Award database

    In an exclusive for WT Insider members, we are collecting all of the contract awards we cover into a database that you can sort by contractor, agency, value and other parameters. You can also download it into a spreadsheet. Read More

  • Is SBA MIA on contractor fraud? Nick Wakeman

    Editor Nick Wakeman explores the puzzle of why SBA has been so silent on the latest contractor fraud scandal when it has been so quick to act in other cases. Read More

Webcasts