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Harris Corp (HRS.N)

HRS.N on New York Stock Exchange

111.39USD
23 Jun 2017
Change (% chg)

$0.40 (+0.36%)
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$110.99
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Latest Key Developments (Source: Significant Developments)

Harris Corp delivers advanced weather satellite instrument to South Korea
Wednesday, 21 Jun 2017 09:00am EDT 

June 21 (Reuters) - Harris Corp :Harris Corporation delivers advanced weather satellite instrument to South Korea.Harris Corp - instrument will help forecasters safeguard people in region from typhoons and other severe weather.  Full Article

Lockheed Martin selects Harris Corp to upgrade F-35 Lightning II mission system avionics
Monday, 19 Jun 2017 08:00am EDT 

June 19 (Reuters) - Harris Corp :Lockheed Martin says selects Harris Corporation to upgrade F-35 Lightning Ii mission system avionics.  Full Article

Harris Corp awarded $500 mln IDIQ contract to improve data search capability for National Geospatial-Intelligence Agency
Tuesday, 6 Jun 2017 09:00am EDT 

June 6 (Reuters) - Harris Corp :Harris Corporation awarded $500 million idiq contract to improve data search capability for national geospatial-intelligence agency.Harris Corp says contract was received during q3 of Harris' fiscal 2017.  Full Article

Harris Corp awarded $90 million in tactical radio contracts from European Nation
Tuesday, 9 May 2017 09:00am EDT 

May 9 (Reuters) - Harris Corp :Harris Corporation awarded $90 million in tactical radio contracts from european nation.Contracts were received during Q3 of Harris' fiscal 2017.Received contracts from a European Nation for tactical radios as part of country's communications readiness program.  Full Article

Harris Corp enters new fixed dollar accelerated share repurchase agreement
Friday, 5 May 2017 09:11am EDT 

May 5 (Reuters) - Harris Corp : :Harris Corp- entered new fixed dollar accelerated share repurchase agreement to repurchase shares of co's common stock for initial payment of $250 million.Harris Corp- new fixed dollar accelerated share repurchase transaction agreement part of company's common stock repurchase program.Harris Corp- under terms of asr agreement, company will pay prepayment amount to morgan stanley on May 5, 2017.Harris Corp- final settlement of transaction under new asr agreement is expected to occur prior to end of Q1 of company's fiscal 2018.  Full Article

Harris Q3 non-gaap earnings per share $1.38 from continuing operations
Wednesday, 3 May 2017 06:30am EDT 

May 3 (Reuters) - Harris Corp ::Harris corporation reports fiscal 2017 third quarter results.Q3 non-gaap earnings per share $1.38 from continuing operations.Q3 gaap earnings per share $1.31 from continuing operations.Sees fy 2017 non-gaap earnings per share $5.50 to $5.55 from continuing operations excluding items.Sees fy 2017 gaap earnings per share $5.20 to $5.25 from continuing operations.Q3 revenue $1.49 billion versus i/b/e/s view $1.47 billion.Harris corp - narrowed its guidance for fiscal 2017 and now expects fiscal 2017 gaap income from continuing operations of $5.20 to $5.25 per diluted share.Q3 earnings per share view $1.31 -- Thomson Reuters I/B/E/S.Sees fy17 non-gaap income from continuing operations of $5.50 to $5.55 per diluted share.Says harris now expects fiscal 2017 revenue on an organic basis to be down about 1 percent from prior year.Says harris still expects fiscal 2017 free cash flow to be about $800 million..Fy2017 earnings per share view $5.55, revenue view $5.82 billion -- Thomson Reuters I/B/E/S.  Full Article

Harris to receive initial delivery of about 2.9 mln shares of stock from Morgan Stanley on Feb 6
Monday, 6 Feb 2017 08:16am EST 

Harris Corp : Harris - to pay prepayment amount to morgan stanley, to receive on feb 6 initial delivery of about 2.9 million shares of common stock from morgan stanley . Harris corp - enters into asr agreement with morgan stanley & co. Llc to repurchase shares of co's stock for an initial payment of $350 million .Harris corp- final settlement of transaction under asr agreement is expected to occur prior to end of co's fiscal 2017- sec filing.  Full Article

Harris Corp reports Q2 earnings per share $1.33 from continuing operations
Thursday, 2 Feb 2017 06:30am EST 

Harris Corp - : Harris Corporation reports fiscal 2017 second quarter results . Sees FY 2017 non-gaap earnings per share $5.40 to $5.60 from continuing operations excluding items . Sees FY 2017 gaap earnings per share $5.21 to $5.41 from continuing operations . fy2017 earnings per share view $5.80, revenue view $7.20 billion -- Thomson Reuters I/B/E/S . Q2 gaap earnings per share $1.33 from continuing operations . Q2 revenue $1.7 billion versus I/B/E/S view $1.77 billion . Sees FY 2017 revenue $5.76 billion to $5.88 billion . Q2 earnings per share view $1.38 -- Thomson Reuters I/B/E/S . Following close of quarter, Harris board approved a new $1.0 billion share repurchase authorization . New authorization is in addition to remaining unused authorization of $584 million under company's existing repurchase program .Company now expects fiscal 2017 share repurchases to total $700 million.  Full Article

Harris says If agreement is terminated under some circumstances, MHVC Acquisition would be required to pay co reverse termination fee of $40 mln
Wednesday, 1 Feb 2017 05:37pm EST 

Harris Corp :Harris-If agreement is terminated under some circumstances, mhvc acquisition would be required to pay co reverse termination fee of $40 million - sec filing.  Full Article

Harris Corp to sell its government it services business to Veritas Capital for $690 mln
Friday, 27 Jan 2017 08:45am EST 

Harris Corp : Harris corporation to sell its government it services business to veritas capital for $690 million . Harris corp - harris' air traffic management franchise, primarily serving faa, is not part of divestiture and will remain with harris . Harris corp - expects to benefit from use of cash proceeds and restructuring related to divestitures . Harris corp - harris' air traffic management business will now operate as part of company's electronic systems segment . Harris - as a result, harris will have three business segments with no changes to its communication systems or space and intelligence systems segments .Harris -to benefit from cash proceeds,restructuring actions resulting in fiscal 2018 net dilution in range of $0.10-$0.15 per diluted share.  Full Article

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BRIEF-Harris Corp delivers advanced weather satellite instrument to South Korea

* Harris Corporation delivers advanced weather satellite instrument to South Korea