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SpeedCast International Ltd.

After $700M Florida deal, is Harris Corp. looking to sell its government radio business?

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Harris Corp. is casting doubt on the future of its public-sector business in Florida after reports emerged of plans to sell one of its key satellite communications companies. Last month, the Melbourne-based communications firm announced it would sell CapRock Communications to SpeedCast International Ltd. for an estimated $425 million. According to SpaceNews.com, Harris explained to investors earlier this year that a sharp maritime revenue decline is expected to continue, with a 25 percent revenue drop expected in next year despite…

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