Harris finishes Orkand purchase
- By Roseanne Gerin
- Jul 07, 2004
Harris Corp. yesterday completed its $66 million, all-cash acquisition of Orkand Corp., a privately owned provider of technical services and information technology for federal agencies.
Harris signed an agreement June 7 to buy the company.
Based in Falls Church, Va., Orkand has more than 1,000 employees in 22 states. It had $80 million in revenue for the 12 months ended March 2004. Its federal clients include the Energy, Health and Human Services, Interior, Labor and State departments and the Postal Service.
Harris of Melbourne, Fla., provides communications technology to the federal and commercial sectors. It ranks No. 16 on Washington Technology's 2004 Top 100 List of federal government IT contractors. The company had 2003 revenue of $2.1 billion.