...+ U.S. defense contractors Harris Corp. and L3 Technologies Inc. announced today that they will merge. We believe the combined company will have improved scale, range of capabilities, and competitiveness, while maintaining similar credit ratios. + We are placing our ratings on L3 and Harris, including the '###-' issuer credit ratings on each, on CreditWatch with positive implications. + We will resolve the CreditWatch when the transaction closes. We expect to raise the ratings (most likely one notch) due to the improved scale and capabilities post-merger. WASHINGTON D.C. (S&P Global Ratings) Oct. 16, 2018-- S&P Global Ratings today placed its ratings on Melbourne, Fla.-based Harris Corp. and New York City-based L3 Technologies Inc., including the '###-' issuer credit rating on each, on CreditWatch with positive implications. The CreditWatch placement reflects the likely improvement in scale, range of capabilities, and competitiveness following the proposed combination of Harris and L3....
