Harris (HRS) to Discontinue Cyber Integrated Solutions Unit, Sell Facility; Sees FY12 Charge
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Price: $189.13 --0%
Financial Fact:
Income from continuing operations before income taxes: 225M
Today's EPS Names:
BTTX, VAXX, ELYS, More
Financial Fact:
Income from continuing operations before income taxes: 225M
Today's EPS Names:
BTTX, VAXX, ELYS, More
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Harris Corporation (NYSE: HRS), plans to discontinue its Cyber Integrated Solutions operation -- which provided remote cloud hosting -- and sell its related data center facility in Harrisonburg, Virginia. The operation is part of the company’s Integrated Network Solutions segment.
The company determined that although demand continues for cyber security and cloud-enabled solutions, its government and commercial customers currently prefer hosting mission-critical information on their own premises rather than remotely.
The company expects to incur an after-tax charge of $70 million to $80 million during fiscal 2012 as a result of these actions.
The company determined that although demand continues for cyber security and cloud-enabled solutions, its government and commercial customers currently prefer hosting mission-critical information on their own premises rather than remotely.
The company expects to incur an after-tax charge of $70 million to $80 million during fiscal 2012 as a result of these actions.
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