What is the 'Global Connectivity Services' business being acquired?

The filing states that this is a business unit of Schlumberger Information Solutions, an operating unit of Schlumberger Limited. Further details about the specific operations and value of this business are likely in the accompanying press release (Exhibit 99.1).

Does this 8-K provide the financial details of the acquisition?

No, this 8-K filing itself primarily serves to announce the agreement. The financial terms and other specific details of the acquisition are referenced as being contained within the press release filed as Exhibit 99.1.

What is the significance of the information being furnished under Item 7.01 and not 'filed'?

Furnishing information under Item 7.01 (Regulation FD Disclosure) means the information is being made public to avoid selective disclosure, but it is not considered officially 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934. This distinction limits liability under that specific section and means the information won't automatically be incorporated by reference into future filings unless explicitly stated.

LHX 8-K: Regulation FD

Q: What is the main purpose of this 8-K filing?

This 8-K filing announces that Harris Corporation has signed a definitive agreement to acquire the Global Connectivity Services business from Schlumberger Information Solutions. It serves as a public disclosure of this material event.

Summary

L3Harris Technologies (LHX) filed an 8-K on November 8, 2010, to report a significant strategic development: the signing of a definitive agreement to acquire the Global Connectivity Services business from Schlumberger Information Solutions. This acquisition signifies Harris Corporation's intent to expand its capabilities and market presence within a key segment of the information solutions industry. Investors should note that this announcement is being furnished under Regulation FD and is not deemed 'filed' for certain legal purposes, meaning it won't automatically be incorporated into future SEC filings unless specifically referenced. The Global Connectivity Services business, a unit of Schlumberger Limited, likely represents a move by Harris to enhance its portfolio, potentially by integrating new technologies, customer bases, or revenue streams. While the specific financial terms of the deal are not detailed in this 8-K filing itself (being referenced in an attached press release), such an acquisition typically signals management's confidence in future growth and a commitment to inorganic expansion. Investors will want to look closely at the accompanying press release (Exhibit 99.1) for further details on the transaction's strategic rationale and financial implications.

Key Highlights

1Harris Corporation (now L3Harris Technologies) entered into a definitive agreement to acquire Schlumberger's Global Connectivity Services business.
2The acquisition is a strategic move to expand Harris Corporation's presence in information solutions.
3The announcement was made via a press release dated November 8, 2010, furnished as an exhibit.
4Information provided is under Regulation FD and not considered 'filed' for Section 18 purposes of the Exchange Act.
5This filing serves as notification of a material event, specifically a significant business acquisition.
6Investors should refer to Exhibit 99.1 (the press release) for further details on the transaction.

L3HARRIS TECHNOLOGIES, INC. /DE/ 8-K Report, Regulation FD Disclosure (Nov 8, 2010)

Summary

Key Highlights

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