Harris Corporation Plans $125 Million R&D Investment in Florida
Summary
MELBOURNE, Fla.--( BUSINESS WIRE )--Harris Corporation (NYSE:HRS) plans to invest more than $125 million in internal research and development (R&D) in Florida this fiscal year – bolstering high-paying jobs and the company’s innovation leadership in the state.Florida-based R&D activities primarily will take place at the company’s Central Florida locations and focus on areas such as electronic warfare, robotics, avionics and smallsats.“Our industry-leading R&D investment is good for our stakeholders and the state – advancing the company’s technical capabilities and bringing high-quality jobs to the area,” said William M. Brown, chairman, president and CEO.The combined company, L3 Harris Technologies, will be headquartered in Melbourne, Florida, creating opportunities for additional employment and investment growth in the state.Harris Corporation is a leading technology innovator, solving customers’ toughest mission-critical challenges by providing solutions that connect, inform and protect.