Harris buying Tyco's wireless business for $675M

Harris said it would buy Tyco Electronics' wireless business for $675 million. Tyco has a substantial business with state and local governments and public safety agencies, including fire and police organizations. The business scored $61 million in sales in 2008. While Harris said it expects the operation to be a "significant contributor" to revenue, it warned of a crunch as state and local governments make budget cuts in the weak economy. Article [1]