Harris Wins US Marine Contract

by Source of Article on March 16, 2012

Communication technology company
Harris Corp.

(
HRS

) received a contract worth $64 million from the U.S Marine Corps.
Per the contract, Harris will deliver Falcon III AN/PRC-117G
multiband manpack radios, vehicular amplifier adapters, antennas
and field support.

The AN/PRC-117G belongs to the Falcon III wideband radio suite
that provides precise knowledge of the battlefield environment. The
AN/PRC-117G can be upgraded further and enables high-performance
voice as well as high-bandwidth data communication. The radio
supports new generation combat applications such as streaming
video, collaborative chat and other applications.

Procurement of these devices by the U.S. Marine force will
enhance their service quality and help them provide improved
network support, which in turn will help them to complete the
mission successfully.  

Apart from catering to the demand of the U.S. government, Harris
is also expanding its international presence by supplying its
technology to emerging economies like Brazil, Russia, India and
China together with Latin America, Asia Pacific, and Africa
regions. Currently, the company has a sustainable and diversified
product pipeline with a potential market size of $15 billion.

As a leading government electronics supplier, Harris is
benefiting from strong international market conditions. In fact,
the emerging economies like Brazil, Russia, India, and China
together with Latin America, Asia Pacific, and Africa regions paved
the way for the company’s long-term growth.

In the last quarter, Harris generated new orders worth $183
million in the Tactical Radio Communications business. The company
ended the second quarter of fiscal 2012 with a total order backlog
of $581 million. During the ongoing quarter, the company has
already generated orders worth $400 million in the Tactical Radio
Communications segment, which includes a massive deal signed by the
Australian Department of Defense.

Despite winning consistent contracts coupled with huge order
backlog the company remains exposed to stiff competition from
companies like
Boeing Co.

(
BA

),
General Dynamics Corp.

(

GD

) and
Raytheon Co.

(

RTN

), which also provide high-end public safety communication
systems.

Currently, Harris Corporation has a Zacks #3 Rank, implying a
short-term Hold rating on the stock.

Harris Corporation, based in Melbourne, Florida, remains one of
the leaders in the public safety and professional communication
market and boasts products ranging from industry leading
multi-band, multi-mode radios, public safety-grade broadband voice,
video and data solutions.

 

BOEING CO (
BA

): Free Stock Analysis Report

 

GENL DYNAMICS (
GD

): Free Stock Analysis Report

 

HARRIS CORP (
HRS

): Free Stock Analysis Report

 

RAYTHEON CO (
RTN

): Free Stock Analysis Report

 

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