Harris closes Multimax deal
- By Nick Wakeman
- Jun 15, 2007
Harris Corp. has completed its $400 million acquisition of Multimax Inc., a deal which bolsters Harris' technical services business.
Multimax brings with it several large task order contracts such as the Army's Information Technology Enterprise Solutions 2 Services and the Air Force's NetCents contracts. The company also is a major subcontractor to EDS Corp. on its Navy-Marine Corps Intranet contract.
Multimax will become part of a new unit for Harris called Harris Information Technology Services, led by Ted Hengst and based in Falls Church, Va.
"Government IT is a key growth market for Harris," said Howard Lance, Harris chairman, president and chief executive officer. "We have now almost doubled the resources we are applying to this important market, and expect that opportunities for growth should increase across an expanded customer base."
For the year ended, March 31, Multimax brought in $315 million in revenue and operating income of $55 million, Harris said. Major customers include the Navy, Marine Corps, Army, Air Force, departments of Homeland Security, State and Veterans Affairs and the Federal Aviation Administration.
Harris is ranked No. 21
on Washington Technology's 2007 Top 100 list
of the largest federal government prime contractors.
Nick Wakeman is the editor-in-chief of Washington Technology. Follow him on Twitter: @nick_wakeman.