HARRIS CORP /DE/ | 2013 | FY | 3


NOTE 26: SUBSEQUENT EVENT

 

On August 23, 2013, our Board of Directors approved a new $1 billion share repurchase program (our “New Repurchase Program”) that is in addition to our prior share repurchase program approved in 2011, which has a remaining, unused authorization of approximately $62 million as of August 23, 2013 (approximately $133 million at June 28, 2013). Our New Repurchase Program does not have a stated expiration date. Repurchases may be made through open market purchases, private transactions, transactions structured through investment banking institutions or any combination thereof. The timing, volume and nature of share repurchases are subject to market conditions, applicable securities laws and other factors and are at our discretion and may be suspended or discontinued at any time.


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