Harris Corporation Marks Its 110th Anniversary
December 19 2005 - 9:43AM
PR Newswire (US)
MELBOURNE, Fla., Dec. 19 /PRNewswire-FirstCall/ -- Harris
Corporation (NYSE:HRS) marks its 110th anniversary on December 23,
2005. The company was founded by brothers Alfred and Charles Harris
and incorporated in Niles, Ohio on December 23, 1895 as a
manufacturer of automatic printing press equipment. 110 years
later, Harris is an international communications and information
technology company with $3 billion in annual sales serving
government and commercial customers in more than 150 countries.
"Few U.S. companies today, and even fewer publicly traded
companies, can stake their claim to 110 years of successful
operation as a corporation. Throughout our company's history and
continuing today is a foundation of core values that helps Harris
maintain an outstanding reputation with customers, employees and
other stakeholders," said Howard Lance, chairman, president and
CEO. "Adherence to these values has enabled the company to adapt to
changes in the marketplace, diversify into new and emerging
markets, and evolve from printing to electronics to communications
and information technology. This milestone anniversary is a tribute
to our 13,000 global employees who continue to shape our solid
reputation as a best-in-class provider of communications products,
systems and services." The company began as the Harris Automatic
Press Company in Niles, Ohio in the house in which President
William McKinley had been born. During the next 30 years, Harris
flourished as a leading manufacturer of printing presses and an
innovator in printing technology. The company outgrew its Niles
facility, moving to Cleveland in 1917. In 1926, Harris merged with
the Seybold Machine Company and the Premiere-Potter Company to
become the Harris-Seybold-Potter Company, and was incorporated in
Delaware. Over the next 30 years, the company pioneered many
innovations in offset lithographic printing, and on July 13, 1955,
Harris-Seybold became a public company. The company merged with
Intertype Corporation, a leading provider of typesetting equipment,
in 1957 to become Harris-Intertype Corporation. As the printing
industry evolved from mechanical controls and typesetting to
electronics, and with electronic media presenting significant
competition to newspapers and other print media, the company
embarked on a diversification strategy toward electronic
communications. Later in 1957, the company made the first of
several acquisitions that would catapult it into the electronic age
and the broadcast market by acquiring Gates Radio, a leading U.S.
manufacturer of radio transmitters. Diversification into
electronics continued with the 1959 acquisition of PRD electronics,
a maker of microwave testing equipment, and the 1967 merger with
Melbourne, Florida-based communications equipment and electronics
manufacturer Radiation, Inc. In 1969 Harris-Intertype acquired
Rochester-based RF Communications, a manufacturer of single
sideband and VHF radio equipment, and predecessor to the present
day Harris RF Communications Division. The company changed its name
from Harris-Intertype to Harris Corporation in 1974, relocated
headquarters to Melbourne, Florida in 1978, and acquired microwave
equipment manufacturer Farinon Electric in 1980, predecessor to the
company's Microwave Communications Division. In 1983, the company
sold its remaining printing equipment operations. In 1999, Harris
became a pure-play communications company with the sale of its
semiconductor operations and the spin-off of its Lanier office
products business and has since focused on organic growth,
acquisitions and diversification in both commercial and government
communications markets. Today, the company's operating divisions
serve markets for government communications, RF communications,
broadcast communications, and microwave communications. Additional
information about Harris Corporation is available at
http://www.harris.com/ . DATASOURCE: Harris Corporation CONTACT:
Brent Dietz, Harris Corporation, +1-321-724-3554, or Web site:
http://www.harris.com/
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