L3harris Technologies, Inc. · NYSE:LHX
L3harris Technologies — Harris — Merger or Acquisition (September 2006)
19 slides from L3harris Technologies's merger presentation, Sep 7, 2006
Slide 1: Creating a Leading Global Wireless Transmission Networks Solutions Provider
Harris Stratex Networks, Inc. Creating a Leading Global Wireless Transmission Networks Solutions Provider MCD Employees
Slide 2: Forward Looking Statements
Forward Looking Statements Certain statements in this presentation constitute "forward-looking statements." Forward-looking statements in this presentation include, but are not limited to, the expected benefits and costs of the transaction; the anticipated timing of completion of the transaction; an
Slide 3: Additional Information and Where to Find It
Additional Information and Where to Find it Additional Information and Where to Find It This presentation is for informational purposes only. In connection with the transaction, the parties will file a registration statement on Form S-4, which will include a proxy statement/prospectus, with the Secu
Slide 4: What Was Announced?
What Was Announced? Harris Corporation and Stratex Networks have signed a definitive agreement to combine operations to form a new publicly-traded company named Harris Stratex Networks, Inc. Harris to contribute its Microwave Communications Division assets and $25 million in cash in exchange for app
Slide 5: Who Is Stratex Networks, Inc.?
Who Is Stratex Networks, Inc.? NASDAQ-listed (STXN) company based San Jose, CA with 450 employees worldwide Designs, manufactures and markets advanced wireless solutions for mobile applications and broadband access One of the world's leading providers of high-speed wireless transmission solutions, s
Slide 6: Snapshot of the Two Companies
Snapshot of the Two Companies (Microwave Communications Division) Continuing improvement in financial performance LTM revenue of $349M and growing at 9% Generated $21.7M in Non-GAAP operating income* and margin of 6.2% Latest quarter Non-GAAP operating margin* reached 9.1% Continuing improvement in
Slide 7: Organization Overview
Organization Overview The legal headquarters of the new company will be at the current headquarters site of the Harris Microwave Communications Division in Research Triangle Park, NC, with headquarters functions both here and at the current site of Stratex Networks headquarters in San Jose, CA Guy C
Slide 8: What Does It Mean For Us?
What Does It Mean For Us? Become part of a new, publicly traded company with its own stock, traded on the NASDAQ Global Market Harris Stratex Networks will have its own management team and will control its own destiny Harris Stratex Networks will be a leading global player with over $600 million in
Slide 9: What Does It Mean For You?
What Does It Mean For You? Harris Stratex Networks employees will be part of a focused, agile, standalone company that has the backing and support of Harris, the majority shareholder You will be part of a business nearly double the size of MCD the day the deal closes, giving you access to: New techn
Slide 10: Global Market
Global Market Harris Stratex 15% Stratex 6% Harris 9% A Leading Global Provider of Wireless Transmission Network Solutions North American Market Harris Stratex 48% Estimated based on calendar year 2005 global market of $3.5 billion Source: Management estimates Harris 46% Stratex 2%
Slide 11: Complementary Global Distribution Channels With Less Than 5% Overlap
Complementary Global Distribution Channels With Less Than 5% Overlap $ 175 $ 11 $ 186 $ 29 $ 22 $ 51 $ 21 $ 56 $ 77 $ 100 $ 81 $ 181 $ 24 $ 72 $ 96 North America Latin America Middle East/Africa Europe (incl. Russia) Asia Pacific * Based on the latest twelve months ended June 30, 2006 Revenue by Reg
Slide 12: Microwave Market Growth Expected
Microwave Market Growth Expected Total Global Market Growth of 8%; Strong Positioning in Higher Growth Segments Source: Management estimates 2006 2007 2008 2009 PDH access 2317 2461 2608 2859 PDH Transport 200 210 210 215 SDH Access (incl Ethernet) 713 847 976 1083 SDH Transport 705 711 750 780 ($ i
Slide 13: Unmatched End-to-End Product Portfolio
Unmatched End-to-End Product Portfolio Other Independent Suppliers Transport SDH PDH Access SDH PDH Network management solutions IP Turnkey planning, engineering, and implementation Source: Management estimates
Slide 14: A Strong Combined Offering
A Strong Combined Offering Transport and access microwave radios Carrier-grade Ethernet transmission systems Network management software Turnkey field services Network planning Engineering Network implementation TRuepoint(tm) NetBoss(r)
Slide 15: Our Commitment to You
Our Commitment to You To place a high priority on the design of a competitive Total Rewards package To communicate with you regularly throughout this process Intranet web page is up and running You may submit questions via the intranet A list of FAQs is posted and will be updated for all to review T
Slide 16: Continue Our Day-to-Day Operations
Continue Our Day-to-Day Operations We will continue providing high quality products to our customers as efficiently and cost effectively as possible We will continue to deliver superior results to our customers We will operate as separate businesses until the close of the transaction, which is expec
Slide 17: Next Steps
Next Steps September 5 & 6: Presentations by members of the leadership team To facilitate the creation of the new company, we will form an integration team comprised of leadership from all functional areas of both Harris and Stratex Following the close, we will emerge as a new company and market lea
Slide 18: Remember
Remember Change is never easy, but it is inevitable Your performance is the reason we can achieve this significant milestone in our growth Your continued performance will help us create a new company positioned for profitable growth
Slide 19: Thank You
BARRIS stratex Thank You Our agenda. grow’ 2006 ary & Corl