Harris Corporation to Discontinue Cyber Hosting Operation; Will Continue Providing Advanced Cyber Security and Cloud-Enabled Applications and Services

Harris Corporation

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. Harris has provided and will continue to provide its customers with advanced cyber security and cloud-enabled software applications and solutions as a service. Harris engineers have developed and managed some of the world's most secure, mission-critical communications and IT networks, such as the ultra-reliable Federal Aviation Administration Telecommunications Infrastructure network. Additionally, the company's technology, countermeasures and monitoring capabilities safeguard vital information systems that support the critical missions of military, intelligence, and federal law enforcement customers. The company expects to incur an after-tax charge of $70 million to $80 million during fiscal 2012 as a result of these actions.