Harris Corp. (NYSE: HRS) has joined the lineup of companies looking to reorganize their corporate structure. Such moves are hard for investors to interpret in many cases. 24/7 Wall St. wanted to show a heads and tails view of the move here.

This move is after the Exelis transaction, wherein Harris paid roughly $4.4 billion for the company. A distribution from the company indicates that the latest move aligns Harris’s business units with its core markets and growth platforms.

Harris’s new organizational structure establishes four focused segments. It was also said to be increasing efficiency, capturing synergies and combining talent and technology to improve the company’s competitiveness.

The reorganization news may not be a market-moving event on its own, but it is important to see how this company will be run on a post-Exelis merger basis. This may even act to thwart any would-be activist efforts, which have become so popular of late.

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The four united groups have been named as follows, with each segment leader and other leadership changes named:

• Communication Systems (Chris Young) will serve markets in tactical and airborne radios, night vision technology, and defense and public safety networks.
• Critical Networks (Carl D’Alessandro) will provide managed services supporting air traffic management, energy and maritime communications, and ground network operation and sustainment, as well as high-value IT and engineering services.
• Electronic Systems (Ed Zoiss) will offer an extensive portfolio of solutions in electronic warfare, avionics, wireless technology, C4I, undersea systems and aerostructures.
• Space and Intelligence Systems (Bill Gattle) will provide complete earth observation, weather, geospatial, space protection and intelligence solutions from advanced sensors and payloads, as well as ground processing and information analytics.
• Sheldon Fox, formerly president of Harris’s Government Communications Systems segment, was named Senior Vice President, Integration and Engineering for the combined Harris.
• Dana Mehnert, formerly president of Harris’s RF Communications segment, has been named Senior Vice President, Chief Global Business Development Officer.

A combined quote from William M. Brown, chairman, president and chief executive officer of Harris, said:

We combined Harris’ and Exelis’ top talent and technology to create four market-focused segments aligned with Harris’ strategic growth platforms. Our new structure will help us improve our competitive position, increase efficiency, and capture synergies, while we continue to bring innovative and affordable solutions to our customers. Our new leadership team has extensive industry experience, a proven track record and a deep commitment to meeting customer expectations.

Trading near $77.45, Harris has a consensus price target of $86.73 and a 52-week trading range of $60.78 to $82.79.

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