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April 11, 2014
15:29 EDTHRSHarris awarded IDIQ contracts from U.S. Army
Harris has been awarded two indefinite delivery, indefinite quantity contracts to supply the U.S. Army with Harris Soldier Radio Waveform vehicular appliqué systems. Harris is one of four companies that were selected to compete for orders on the contracts, which have a potential total value of $988M. The Harris SRW appliqué systems will be part of the Army tactical network modernization program. The Harris SRW appliqué systems consist of a Falcon III wideband radio and small form factor wideband power amplifier. The systems provide seamless connections between soldiers, their command centers and higher headquarters. They deliver vehicular-based voice, video and data communications for enhanced situational awareness and command and control. Harris previously announced initial orders from the U.S. Army for the appliqué system in 2012.
News For HRS From The Last 14 Days
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April 23, 2015
17:35 EDTHRSHarris, Exelis receive second request from DoJ regarding potential merger
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April 21, 2015
07:04 EDTHRSHarris says Exelis deal progressing towards expected June closing
07:03 EDTHRSHarris raises FY15 adjusted EPS view to $5.00-$5.10 from $4.95-$5.05
Consensus is $5.04. Harris also updated fiscal 2015 revenue guidance from a decline in a range of 1 to 3 percent to an expected decline of about 4 percent. The fiscal 2015 non-GAAP guidance does not include any impact from the pending acquisition of Exelis. The fiscal 2015 GAAP results would include potential post-closing revenue and income attributable to Exelis, increased share count from the transaction, and acquisition-related costs that are expected to be in a range of $270 million to $290 million.
07:02 EDTHRSHarris sees Q3 EPS $1.32 ex-items, consensus $1.22
Sees Q3 revenue $1.19B, consensus $1.23B. Sees Q3 orders $1.21B. Sees Q3 free cash flow $150M. GAAP EPS of $1.20 and non-GAAP EPS of $1.32 benefited from a lower than expected tax rate estimated to be 30%, adding approximately 7c per diluted share. Non-GAAP operating income performance in the third quarter was slightly better than management expected, benefiting from lower costs, excellent execution and a favorable product mix in RF Communications and Government Communications Systems. Revenue in the third quarter was somewhat weaker than expected. Higher year-over-year revenue in Tactical Communications, driven by continuing strength in international markets and a pickup in the U.S. market, was more than offset by further weakness in Public Safety, IT Services and CapRock energy business areas.
April 20, 2015
09:01 EDTHRSHarris receives $74M in orders for tactical radio modernization
Harris Corporation has received $74M in orders from an international customer to deliver Falcon tactical radios as the next phase of the country’s tactical communications modernization program. Harris will provide the full range of communication capabilities from its Falcon series, including very high-frequency radios and high-frequency radios. The radios provide full software-defined combat net radio capabilities, including frequency hopping and secure digital voice. The nation is also acquiring Harris’ HF manpack radio which delivers reliable beyond-line-of-site terrestrial voice and data communications, reduced size and weight, and extended battery life.
April 14, 2015
07:32 EDTHRSHarris, Exelis deal closing pushed off a month or longer, CT Financial News says
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April 13, 2015
09:02 EDTHRSHarris announces $27M in orders from USSOCOM
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