Harris To Acquire SatCom Solutions Provider CapRock Communications

Harris Corp. [HRS] on Friday said it has agreed to acquire CapRock Communications, a provider of managed satellite communications solutions for the energy, government, and maritime industries, for $525 million in cash.

“Acquiring CapRock expands our international presence and customer base, while increasing the breadth of our assured communicationsr offerings,” Howard Lance, chairman, president and CEO of Harris, said in a statement. “We see increasing demand for outsourced managed communications services that include secure high-availability networks, creating growth opportunities across a variety of markets.

The acquisition provides an entry into the energy market, while expanding… Want the rest of the story? Subscribe to Defense Daily today and receive all the detailed news and information you need each day. 

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